BWXT Y•12 - Savings Plan - Other Important Information

Change of Address
It is important that you notify the Company of any change in your address while you are a participant in the Savings Program so you will be assured of receiving Company communications about the Savings Program. If you are retired, call the information line for a change form.

Voting Your Shares
The investment manager for each fund will decide how to exercise any voting rights applicable to stock held in that particular fund.

Investment Fees and Expenses
The Savings Program investment options have administrative and investment management fees associated with them which, in effect, reduce the investment fund returns. The administrative fees are associated with service performed by the trustee and recordkeeper.

Investment management fees for the mutual funds are described in the fund prospectuses. A summary of the fees is available upon request from the Plan Administrator.

Responsibility for Investment Decisions
You choose how to invest your money in the Savings Program. The Savings Program trustee will follow your investment directions without reviewing your investment decisions.

The Company, the trustee, the Joint Retirement and Savings Plan Committee and the other Savings Program Administrators are not responsible or liable for the investment choices you make or investment losses that are the direct and necessary result of your investment choices. This is because the Savings Program is intended to satisfy the requirements of Section 404(c) of the Employee Retirement Income Security Act of 1974 (ERISA) and section 2550.404c-1 of the Code of Federal Regulations. Nothing contained in this document is intended to constitute investment advice.

Confidentiality of Investment Directions
Your investment directions for all Savings Program funds are administered by CitiStreet. State Street Bank and Trust handles all purchases and sales in the name of the Savings Program without identifying individuals, so your transactions remain confidential.

The Joint Retirement and Savings Plan Committee is responsible for monitoring compliance with the procedures that ensure confidentiality. You may contact the Committee:

c/o Manager, Benefits Management
P.O. Box 2009
Oak Ridge, TN 37831-8267

Plan Funding and Expenses
The Savings Program is funded by participants who designate a part of their eligible earnings to be contributed on their behalf and by the Company through Company matching contributions. The assets of the Savings Program are held in a trust fund maintained by the trustee. All Savings Program administrative and investment management fees are paid from the investment funds.

Tax Treatment
The Company intends to operate the Savings Program so that it will qualify under Sections 401(a) and 401(k) of the Internal Revenue Code. Accordingly, your before-tax savings will not be taxed until you withdraw them. The earnings of the trust fund, which holds the Savings Program assets, will not be taxable to you, the trust fund, or to the Company at the time earnings are credited to the trust fund, but will be taxable to you when you receive a distribution.

Call the Information Line or use the Internet for …

Financial information – prospectuses and fund fact sheets, to the extent they are available and provided to the Savings Program.
Investment performance – past and current investment performance of each fund as it becomes available.
Account value – value of each investment fund within your personal account.

Administrative Information
Information about the administration of the Savings Program can be found in the section entitled “Administrative Information.”