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British Nuclear Fuels to Sell Westinghouse to Toshiba.

British Nuclear Fuels plc (BNFL) recently announced it has

selected Toshiba Corporation as the preferred bidder for the sale of Westinghouse Electric Company.

According to BNFL, the announcement follows multiple rounds of bidding that began last fall. The Toshiba bid is being recommended for approval by the BNFL Group board this week.

"We are pleased that by selecting Toshiba we have achieved our dual objectives of doing the best for our employees and the British taxpayers," said BNFL chief executive officer Mike Parker.

Contact: BNFL, website http://www.bnfl.com.

(EIN STAFF: 1/23)

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