October 23, 2008

Toshiba-Westinghouse Consortium Receives Award From EDF for Renewal of Generator Coils for Nuclear Power Stations in France

Toshiba Corporation announced today that a Toshiba-Westinghouse consortium has been awarded a ten-year contract worth over 100 million euros by Electricite de France (EDF), France's electric power company, for the renewal of stator coils in the generators of more than ten nuclear power plants now operating in France. The contract was given to the Toshiba-Westinghouse Consortium as part of the French utility's continuous program to retrofit the key components of its 58 commissioned nuclear power plants in France.

"We are delighted to be awarded this valuable contract to support EDF in its important long-term project to maintain and assure the stable operation its nationwide network of nuclear power plants," said Yasuharu Igarashi, Corporate Vice President, and President and CEO of Toshiba's Power Systems Company. "This decision reflects the comprehensive capabilities that the Toshiba-Westinghouse team brings to the provision of systems, components and services for nuclear power plant systems, and our strong commitment to quality and highly efficient systems."

"This contract clearly demonstrates the synergy and high level of cooperation realized by Westinghouse and Toshiba," says Yves Brachet, Westinghouse France Regional Vice-President. "We are confident that Toshiba's leading-edge prowess in the manufacture of key components, combined with Westinghouse's increasing presence in the provision of engineering support and services in France, will allow us to make a positive contribution."

Following initial pre-installation arrangements, manufacture of stator windings will begin in spring 2009 at Toshiba's Keihin Product Operations in Yokohama, the Japanese production hub of Toshiba's power generation equipment business. It is expected that three or four rewinding operations a year will be conducted for 900MW and 1300MW generators, starting in 2010. Toshiba's Japanese technical experts, who have gained extensive experience and expertise in supporting stable operations at numerous sites in Japan, will provide EDF with technical support for smooth operation of the updated systems.

Toshiba and Westinghouse will apply experience gained through the French contract to future projects in the domestic and overseas markets. They will also take full advantage of their extensive capabilities as a total solutions provider to seek business opportunities for both new construction and O&M business of nuclear power plants on a worldwide basis.

About Toshiba

Toshiba is a world leader in high technology, a diversified manufacturer and marketer of advanced electronic and electrical products spanning information & communications equipment and systems; digital consumer products; electronic devices and components; power systems, including nuclear energy; industrial and social infrastructure systems; and home appliances.

Toshiba was founded in 1875, and today operates a global network of more than 740 companies, with 198,000 employees worldwide and annual sales surpassing US$76 billion. Visit Toshiba's web site at www.toshiba.co.jp/index.htm

About Westinghouse

Westinghouse, a group company of Toshiba Corporation, is a recognized pioneer in nuclear power and a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse technology today provides the technological basis for approximately half of the nuclear plants in operation around the world.