News Release

BETHESDA, Md., Aug 7, 2002 (BUSINESS WIRE) -- William H. Timbers, president and chief executive officer of USEC Inc., today announced that Ernest Moniz, Richard Perle and Linda Stuntz have joined the Company's Strategic Advisory Council. Timbers said, "We are pleased that Dr. Moniz, Mr. Perle and Ms. Stuntz will add their outstanding expertise to that of our other Strategic Advisory Council members. Since its formation in 1999, the Council has served as an invaluable resource that brings a wealth of diverse expertise to bear on USEC interests and activities pertaining to the nuclear and electric power industry and market, national security and advanced technology."

    --  Ernest J. Moniz is a professor of physics at MIT and has a
        distinguished background in science, nuclear energy and in
        government service. He has served as Under Secretary of the
        U.S. Department of Energy where he was responsible for the
        national laboratory system and an R&D portfolio spanning
        science, energy, environmental and national security programs,
        including serving as lead negotiator for Russian initiatives.
        Dr. Moniz also served as Associate Director for Science in the
        Office of Science and Technology Policy and as Head of the MIT
        Department of Physics.
    --  Richard N. Perle is a Resident Fellow at the American
        Enterprise Institute, a consultant to the Secretary of
        Defense, and chairman of the Defense Policy Board of the
        Department of Defense. He has also served as Assistant
        Secretary of Defense where he was responsible for strategic
        nuclear policy, trade and technology exports, and negotiations
        among the United States, its allies and the Soviet Union. He
        was a member of the staff of the Senate Committee on
        Government Operations and the Committee on Armed Services,
        where he organized hearings and strategy for the SALT I and
        SALT II treaties.
    --  Linda G. Stuntz is a principal at the law firm of Stuntz,
        Davis and Staffier, P.C. where she specializes in energy and
        environmental issues and matters relating to government
        support of technology development and transfer. She has served
        as Deputy Secretary of the U.S. Department of Energy, playing
        a principal role in the development and enactment of the
        Energy Policy Act of 1992.

The members of the Strategic Advisory Council also include Dr. John M. Deutch, Chairman, and Dr. Graham Allison, Dr. William Happer, Dr. Richard Lester, Admiral William Owens and Dr. James Schlesinger.

USEC Inc., a global energy company, is the world's leading supplier of enriched uranium fuel for commercial nuclear power plants.

CONTACT:          USEC Inc.
                  Charles Yulish, 301/564-3391

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