Mr. Ian Edwards reports

ATKINSREALIS SIGNS FRAMEWORK TO SUPPORT THE DEPLOYMENT OF POLAND'S FIRST SMALL MODULAR REACTORS

Candu Energy Inc., an Atkinsrealis Group Inc. company, has signed a framework agreement with Orlen-Synthos Green Energy (OSGE), and a teaming agreement between OSGE, Atkinsrealis, Aecon and GE Hitachi Nuclear Energy (GEH) to support the planned deployment of a fleet of GEH's BWRX-300 small modular reactors (SMRs) in Poland.

"We are positioning ourselves as the partner of choice for utilities worldwide on deploying nuclear power technology," commented Ian L. Edwards, president and chief executive officer, Atkinsrealis. "As Poland undertakes a visionary modernization of its power grid, moving away from coal and toward nuclear power via both large and small reactors, we're thrilled to offer our expertise to provide Poland with clean, reliable and safe electricity for generations."

A future mandate with OSGE would see Atkinsrealis's nuclear market provide front-end engineering and consulting services as technical adviser to build a road map to deploy the BWRX-300 SMRs at six different proposed sites in Poland. BWRX-300 SMR deployment in Poland will leverage an international and local supply chain backed up by nuclear talent from Canada to deliver a project with the highest standards in safety and quality.

Playing a leading role in SMR deployment worldwide

As the original equipment manufacturer of larger-output Candu reactors, Atkinsrealis possesses extensive nuclear new build expertise for SMRs as well. In Canada, the company is architect engineer on the G7's first grid-scale SMR at Ontario Power Generation's Darlington site. Coming on line by 2029, Atkinsrealis is providing a diverse range of expertise to deliver the SMR. This spans project management, licensing, engineering, design, procurement, commissioning and supporting construction management. Atkinsrealis is also working with GEH to complete the standard plant design for the BWRX-300 SMR technology.

"As outlined in our recent investor day, the services side of our global nuclear business which includes SMR builds will be an important source of work and talent attraction for us in the future," said Joe St. Julian, president, nuclear, Atkinsrealis. "With global electricity demand tripling by 2050, we see there being a market for 1,000 new nuclear reactors to be built. Alongside large reactors, SMRs will make up a portion of those new builds to provide the quantum of extra power needed. We will draw on our expertise from the ongoing successful deployment of the BWRX-300 SMR in Canada at Darlington to repeat the outcome for Poland. Atkinsrealis looks forward to continued partnership with GEH for further deployment of BWRX-300 SMRs across the world."

OSGE is a joint venture between ORLEN, the largest multienergy company in Central Europe, and Synthos Green Energy -- a part of the largest privately owned industrial group in Poland and the exclusive partner of GEH to market and deploy BWRX-300 SMRs in Poland. OSGE eventually plans to expand its operations to more European jurisdictions. OSGE is already working closely with Ontario Power Generation to scale up their SMR expertise in preparation. Poland's energy regulators are also consulting closely with the Canadian Nuclear Safety Commission, to prepare the necessary regulatory and licensing framework in the country to support nuclear power.

About Atkinsrealis Group Inc.

Created by the integration of long-standing organizations dating back to 1911, Atkinsrealis is a world-leading professional services and project management company dedicated to engineering a better future for the planet and its people. Atkinsrealis creates sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. Atkinsrealis 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. The breadth and depth of Atkinsrealis's capabilities are delivered to clients in strategic sectors such as engineering services, nuclear and capital.

About Atkinsrealis's nuclear business

Atkinsrealis has over 70 years of global nuclear expertise, delivering nuclear technology products and full-service solutions to nuclear utilities around the world. Atkinsrealis is the steward of Candu nuclear technology, operating on four continents, and provides advisory and engineering services to other nuclear developers. With an innovative technology portfolio, including access to over 500 patented solutions, Atkinsrealis solves technically complex challenges across the whole nuclear lifecycle from design and new build through asset management and from life extension and late life management through decommissioning and waste management. Atkinsrealis operates and manages government nuclear research sites, transforming ageing infrastructure and safely managing legacy nuclear waste. Atkinsrealis is also involved in developing medical radioisotopes for cancer research through its partnership with TerraPower.

We seek Safe Harbor.