UUU - Uranium One Inc - Withholding tax on special dividend

UUU - Uranium One Inc - Withholding tax on special dividend                     
Uranium One Inc                                                                 
(Incorporated in Canada)                                                        
(Registration number: 15096422420)                                              
Share code on the JSE: UUU & ISIN: CA91701P1053                                 
Share code on the TSX: UUU & ISIN: CA91701P1053                                 
Withholding tax on special dividend                                             
Johannesburg, South Africa - Uranium One wishes to advise its South African     
shareholders that, due to a third party administrative error, the special       
dividend paid on December 20, 2010 was paid to shareholders on Uranium One`s    
South African register without deducting the required withholding tax of 15%.   
Affected shareholders will be receiving more detailed guidance from the Company 
shortly regarding the return of the withholding tax.  The Company regrets any   
inconvenience this situation may cause and expresses its appreciation to its    
South African shareholders for their cooperation in resolving the matter.       
Johannesburg                                                                    
28 January 2011                                                                 
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 28/01/2011 08:56:02 Supplied by www.sharenet.co.za                     
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