Orano - Annual Activity Report 2025 70 3 RISK CONTROL AND VIGILANCE PLAN Risk factors The main risks identified are grouped by category, according to their nature. Their importance has been assessed on the basis of their probability of occurrence, their level of impact, and the control measures in place. In each category, the most important risk factors are mentioned first. Risk category in the Orano framework/risk presented Net criticity Sections of the 2025 Annual Activity Report GEOPOLITICAL BACKGROUND Geopolitical risks and international sanctions lll 3.3.1.1 Risks related to the energy policies of France, other States and the European Union ll 3.3.1.2 Risks related to the requalification of reusable nuclear materials ll 3.3.1.3 RISKS RELATED TO THE GROUP’S BUSINESS ACTIVITIES Risks related to sustainability of industrial facilities, workload plans and cost control lll 3.3.2.1 Risks related to the group’s projects and the Aval du Futur lll 3.3.2.2 Issues related to end-of-lifecycle operations lll 3.3.2.3 Risks related to uranium reserves and resources lll 3.3.2.4 Risks related to the impact of climate change on our facilities and activities ll 3.3.2.5 Cybersecurity risks ll 3.3.2.6 Risks related to subcontracting and suppliers ll 3.3.2.7 Risks related to transport safety and security ll 3.3.2.8 Risks related to contractual and commercial issues ll 3.3.2.9 RISKS RELATED TO SOCIAL, SOCIETAL AND ENVIRONMENTAL COMMITMENT Industrial, accidental and climatic safety and security risks ll 3.3.3.1 Issues related to the group’s transformation and human resources ll 3.3.3.2 Health and occupational safety risks ll 3.3.3.3 FINANCIAL RISKS Risks related to the group’s ability to finance its organic and external growth ll 3.3.4.1 Financial risks relating to assets and liabilities related to end-of-lifecycle operations ll 3.3.4.2 Counterparty risk management related to the use of derivatives and cash investments ll 3.3.4.3 Foreign exchange risk ll 3.3.4.4 Interest rate risk ll 3.3.4.5 REGULATORY AND LEGAL RISKS Risks of corruption and influence peddling l 3.3.5.1 Legal risks involving the group l 3.3.5.2 Tax issues l 3.3.5.3 lll High ll Average l Low The fight against food waste and food scarcity, and commitments to a responsible, fair and sustainable food policy are not major issues for Orano in the context of its operations. Consequently, they are not covered in this document. Concerning respect for animal welfare, the testing carried out as part of Orano Med’s activities meets the standards in force. 3.3 Risk factors
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