Mr. Ian Edwards reports

ATKINSREALIS AND TURKIYE ADVANCE CANADA'S GLOBAL NUCLEAR AMBITIONS THROUGH STRONGER NUCLEAR TECHNOLOGY COOPERATION

Atkinsrealis Group Inc.'s subsidiary Candu Energy Inc. has taken an important step forward in advancing Canada's international nuclear ambitions with the signing of a memorandum of agreement with state-owned Turkiye Nukleer Enerji Anonim Sirketi at COP31 in Antalya, Turkey.

"This milestone reflects the federal government's ambitions to strengthen international partnerships and the global reach of Canadian nuclear expertise, with Candu nuclear technology at the centre of that strategy," said Ian L. Edwards, president and chief executive officer, Atkinsrealis. "We are partnering with Turkey to support its efforts to achieve its climate commitments and economic and energy security goals with low-carbon, baseload power while expanding opportunities for Canada's nuclear sector."

Atkinsrealis will undertake a comprehensive feasibility study and front-end engineering design for the expansion of Turkey's nuclear program. For a potential multiunit deployment, the study will evaluate the site's characteristics, infrastructure requirements, environmental considerations and broader project development needs. It will also examine how a future nuclear program could be delivered in Turkey, including opportunities to develop local supply chains, strengthen domestic nuclear expertise and maximize long-term economic value. The study is expected to be completed before the end of 2027. It will support future planning activities and investment decisions associated with nuclear development opportunities at the site.

Released earlier this year, Canada's nuclear energy strategy identified international partnerships, exports and market diversification as key priorities for strengthening Canada's position as a global nuclear leader. The government of Canada has committed to working with provincial, utility and industry partners to maintain the commercial viability and competitiveness of Candu technology. Agreements such as this put that commitment into action, with government and industry working together to expand international opportunities for Candu and bring Canadian nuclear technology and expertise to global markets.

"Countries are looking for reliable ways to strengthen energy security, resilience and meet rising electricity demand, and there is broad consensus that nuclear is an essential part of the solution," said Joe St. Julian, president, nuclear, Atkinsrealis. "From Canada and the United States to Central Europe and the ASEAN region, governments are looking for proven technologies and experienced partners that can help turn nuclear ambitions into reality. Turkey is an important part of that growth story for Atkinsrealis."

Developed in Canada, Candu is a heavy water reactor technology with some of the highest-capacity factors of all reactors in the world. It is built for today's world, offering a combination of energy security, fuel flexibility, strong local supply chain opportunities and reliable, large-scale, low-carbon power. These attributes resonate with countries around the world as they seek to build resilient energy systems in a changing geopolitical environment. There are currently 34 Candu nuclear reactors built on four continents.

About Atkinsrealis Group Inc.

Created by the integration of long-standing organizations dating back to 1911, Atkinsrealis is a world-class engineering service and nuclear company dedicated to engineering a better future for the planet and its people. It creates sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. It deploys global capabilities locally to its clients and delivers unique end-to-end services across the whole life cycle of an asset including consulting, advisory and environmental services, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning, and capital advisory services. The breadth and depth of its capabilities are delivered to clients in strategic sectors such as engineering services and nuclear, as steward of Candu nuclear technology.

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