Saskatoon, Saskatchewan, Canada, July 21, 1999
Cameco Corporation announced today that its board of directors declared a quarterly dividend of $0.125 (Cdn) per share, payable on October 15, 1999 to shareholders of record on September 30, 1999.
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For further information, please contact:
| Alice Wong Director, Investor & Corporate Relations Cameco Corporation Phone: (306) 956-6337 Fax: (306) 956-6318 |

