Asia PR News

LONDON, Jan. 26 /PRNewswire-AsiaNet/ –

The Board of Directors of British Nuclear Fuels plc (BNFL) today confirmed
Toshiba Corporation as the preferred bidder for Westinghouse Electric Company,
paving the way for what BNFL CEO Mike Parker predicted will be a "smooth,
expeditious" sale. Toshiba offered the highest bid for Westinghouse.

"With the endorsement of the Board of Directors, we now look forward to a
smooth, expeditious sale. This was a straightforward decision due to the
strength of Toshiba’s bid, and the care BNFL has taken to ensure every
potential concern is addressed responsibly," Parker said.

"Toshiba offered not only the highest price but also the best value, making
this the clear-cut best result for our business, for our employees and for the
British taxpayers," BNFL Board Chairman Gordon Campbell said.

Toshiba is now engaged in additional due diligence, examining
Westinghouse’s business records as a formal step toward a final contract, which
the parties hope to sign next month.

SOURCE: British Nuclear Fuels plc

CONTACT: Non-U.K. Press:

Dena Wiggins,
+1-202-383-0499, or

U.K. Press:

Philip Dewhurst,
+44 7909 537642,

both for British Nuclear Fuels plc