Waiver Under Code of Business Conduct

On March 13, 2019 the Board of Directors (“Board”) of Centrus Energy Corp. (the “Company”) granted a waiver under the code of business conduct to Dr. William J. Madia, a director of the Company. In March 2019, Dr. Madia informed the Company that he had been approached to serve on the advisory board of X-energy, LLC (“X-energy”) and requested a waiver to permit his continued service on the Centrus Board if he accepts the position on the X-energy advisory board. In connection with such service, Dr. Madia would receive an equity position in X-energy. The Company is a party to several service agreements with X-energy, which each require the Company to provide certain non-cash in-kind contributions to X-energy. For a description of the services agreements between the Company and X-energy please see the Company’s Form 8-K filed with the SEC on March 28, 2018 and the Company’s Form 8-K filed with the SEC on November 30, 2018.