SNC-Lavalin Strengthens Nuclear Business With Seasoned Leadership Hire

MONTREAL: June 6, 2022 - Candu Energy Inc., a member of the SNC-Lavalin Group (TSX: SNC), is pleased to announce the appointment of seasoned nuclear industry executive Stephanie Smith as Senior Vice-President of Engineering for SNC-Lavalin's Canadian nuclear business. Based in Toronto, she will report to Bill Fox, Executive Vice-President, Nuclear, Canada. The appointment took effect on June 6th. Ms. Smith takes over from Kevin Jones, who is retiring. He will remain accessible to SNC-Lavalin in a consulting capacity going forward.

"I'm thrilled to welcome Stephanie to SNC-Lavalin," said Bill Fox, Executive Vice-President, Nuclear, Canada, SNC-Lavalin. "Attracting top talent to our nuclear business, one of SNC-Lavalin's key end-markets, ensures we can continue to deliver best-in-class service to the nuclear utilities around the world offering solutions to Net Zero and energy security challenges. Stephanie's expertise will ensure we remain at the forefront of nuclear engineering in a rapidly advancing marketplace. I'd also like to thank Kevin Jones for his leadership and contributions over many years. We wish him a well-deserved retirement."

As SVP of Engineering, Ms. Smith will be responsible for driving SNC-Lavalin's Canadian nuclear business toward its strategic objectives across profitability, technical excellence, and innovation. She will build on the outcomes-driven environment across the business, with a focused approach to performance management. Ms. Smith will also focus on transitioning the nuclear engineering group from an operations-oriented model to a client-service driven, competitive and growth-oriented culture. Her oversight will include the design and delivery of CANDU® reactors, technical support for the fleet of CANDU reactors around the world, the development of advanced fuel technologies for implementation in international markets, and support for small modular reactors (SMRs).

Background of Stephanie Smith

Ms. Smith was previously President and CEO at CANDU Owners Group- an organization of utilities worldwide operating the CANDU reactors found on four continents, for which SNC-Lavalin is the steward and original equipment manufacturer. She also has extensive experience at Ontario Power Generation (OPG) - operator of the Darlington and Pickering Nuclear Generating Stations in Ontario, Canada. Beginning at OPG as an entry-level systems engineer, she was promoted to progressively more senior roles. Most recently at OPG, she was Deputy Site Vice-President of Darlington station, and also completed a secondment to the World Association of Nuclear Operations.

Ms. Smith has also made history as a female nuclear engineer. At the Pickering Nuclear Station, she became the first female licensed shift manager, and later the first female nuclear plant manager in Canada. She is also a Vice President at the non-profit organization Women in Nuclear (WiN) Canada, an organization SNC-Lavalin proudly supports.

About SNC-Lavalin

Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, technology and data to design, deliver and operate the most complex projects. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital - and delivered to clients in key strategic sectors such as Engineering Services, Nuclear, Operations & Maintenance and Capital. News and information are available at snclavalin.com or follow us on LinkedIn and Twitter.

About SNC-Lavalin's Nuclear Business

SNC-Lavalin has over 60 years' of global nuclear expertise, delivering nuclear technology products and full-service solutions to nuclear utilities around the world. With an innovative technology portfolio, including access to over 500 patented solutions, SNC-Lavalin solves technically complex challenges across the whole nuclear lifecycle from design and new build through asset management and from life extension and late life management through decommissioning and waste management. SNC-Lavalin operates and manages government nuclear research sites, transforming ageing infrastructure and safely managing legacy nuclear waste. SNC-Lavalin is the steward of CANDU® nuclear technology, operating on four continents, and provides advisory and engineering services to other nuclear developers. SNC-Lavalin is also involved in developing medical radioisotopes for cancer research through its partnership with TerraPower.

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