the world needs energy

Our world consumes energy every day. To run our homes. Our schools. Our workplaces. For business. For leisure. For our health. As global energy requirements increase over the long term, we must meet that demand in a sustainable way.

energy needs nuclear

Energy consumers respect the environment and see the impact of dramatic shifts to our planet's thermostat. In our rivers and oceans. At our polar ice caps. Up north. Down under. One way to reduce greenhouse gases is a clean electricity source – nuclear.

nuclear needs Cameco

To meet the demand for clean air electricity, the nuclear industry needs a company that it can count on. One that has high-grade assets, industry knowledge and a global focus. Cameco, an investment of choice for sustainable power, makes a key contribution to our world's needs.

Our Profile

Cameco, with its head office in Saskatoon, Saskatchewan, is one of the world's largest uranium producers and supplier of conversion services. The company's competitive position is supported by its controlling ownership of the world's largest high-grade reserves and low-cost operations located in northern Saskatchewan. Cameco's uranium products are used to generate clean electricity in nuclear power plants around the world, including Ontario where the company is a limited partner in North America's largest nuclear electricity generating facility. The company also explores for uranium around the world. Cameco's shares trade on the Toronto and New York stock exchanges.

This document, which includes certain excerpts from Cameco's audited financial statements, is intended as a summary of Cameco's business and does not contain complete information. For complete information, and before making any investment decisions, see our annual information form, audited financial statements and notes, management's discussion and analysis (MD&A) and other materials, which are available on SEDAR (sedar.com) and on our website (cameco.com). Statements contained in this business review which are not current statements or historical facts are "forward-looking information" (as defined under Canadian securities laws) and "forward-looking statements" (as defined in the U.S. Securities Exchange Act of 1934, as amended) which may be material and that involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by them. For more details on these factors, please see "Caution Regarding Forward-Looking Information and Statements" in this business review. The forward-looking information and statements contained in this business review represent management's views as of March 18, 2009 and should not be considered current as of any subsequent date. While we anticipate that subsequent developments may cause our views to change, we specifically disclaim any obligation to update our views except to the extent required by applicable securities laws. This forward-looking information is presented for the purpose of assisting Cameco's shareholders in understanding management's current views regarding those future outcomes, and may not be appropriate for other purposes.