Cameco
2008 Business Review
Driven to succeed
SHARE PERFORMANCE
Cameco's share price closed at $39.57 in 2007.


MONTHLY SHARE PRICE
Cameco's shares traded between $35.22 and $59.90 during 2007.


ANNUAL SHARE VOLUME
Over the past 10 years, Cameco has seen an increase in trading activity on both exchanges.
Common Shares

Toronto (CCO)  |  New York (CCJ)

Convertible Debentures

Toronto (CCO.DB)

Transfer Agents

For information on common share holdings, dividend cheques, lost share certificates and address changes, contact:

CIBC Mellon Trust Company
P.O. Box 7010
Adelaide Street Postal Station
Toronto, Ontario M5C 2W9

North America phone toll-free:
800-387-0825 or 416-643-5500
cibcmellon.com

Annual Meeting

The annual and special meeting of shareholders of Cameco Corporation is scheduled to be held on Thursday, May 15, 2008, at 1:30 p.m. at the Delta Bessborough Hotel in Saskatoon, Saskatchewan.

Dividend Policy

The board of directors has established a policy of paying a quarterly dividend of $0.06 ($0.24 per year) per common share. This policy will be reviewed from time to time in light of the company's cash flow, earnings, financial position and other relevant factors.

Inquiries

Cameco Corporation
2121-11th Street West
Saskatoon, Saskatchewan  S7M 1J3

Phone: 306-956-6200
Fax: 306-956-6201
cameco.com

December 31, 2007

Shares outstanding 344 million
Market capitalization $14 billion (Cdn)
$14 billion (US)