Duratek, Inc. (NASDAQ: DRTK) today announced that Institutional Shareholder Services (ISS) has recommended that Duratek stockholders vote FOR the proposed merger with EnergySolutions, LLC at Duratek's June 6, 2006 special meeting of stockholders. ISS is the leading independent U.S. proxy advisory firm, and its voting analyses and recommendations are relied upon by hundreds of major institutional investment funds, mutual funds, and fiduciaries throughout the country. As Duratek noted in its definitive proxy statement mailed to stockholders last month, the Duratek Board of Directors unanimously recommends that stockholders vote FOR the merger proposal. "We are pleased with the ISS recommendation of our proposed merger with EnergySolutions," said Robert E. Prince, Duratek's President and Chief Executive Officer. "We believe that the ISS recommendation confirms our Board's unanimous conclusion that the proposed EnergySolutions merger is the best alternative for maximizing value for Duratek and its stockholders." On February 6, 2006, Duratek and EnergySolutions entered into a definitive merger agreement under which EnergySolutions would acquire all of the outstanding common stock of Duratek for $22.00 cash per share. The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with EnergySolutions' proposed acquisition of Duratek, has ended. Duratek has received all regulatory approvals required for closing the merger. The transaction is scheduled to close promptly after the special meeting to be held on June 6, 2006. Duratek urges all stockholders who have not already done so to vote FOR the merger proposal by signing, dating and returning their proxy cards today. Duratek stockholders who have questions or need assistance in voting their shares may call Diane Brown, Vice President - Investor Relations, at 410-312-5100 or Duratek's proxy solicitor, Georgeson Shareholder Communications, Inc., at 800-868-1381. About Duratek Duratek provides safe, secure radioactive materials disposition and nuclear facility operations for commercial and government customers. About EnergySolutions EnergySolutions provides services and solutions to the nuclear energy industry. The company has the technical expertise and state-of-the-art resources to safely and responsibly handle the nuclear waste management process. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that involve risks and uncertainties concerning EnergySolutions' proposed acquisition of Duratek, Inc., including the timing of the special meeting of Duratek stockholders and the expected completion of the proposed merger. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. The potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed. Readers should also refer to the risk factors described in Duratek's filings with the Securities and Exchange Commission, including Duratek's most recently filed Form 10-Q, as well as the risk factors contained in the definitive proxy statement relating to the proposed merger with EnergySolutions. Duratek assumes no obligation to update the information in this release. Additional Information About the Merger and Where to Find It Duratek has filed with the Securities and Exchange Commission a definitive proxy statement and other documents regarding the proposed business combination referred to in the foregoing information. Investors are urged to read the proxy statement because it contains important information. This proxy statement has been sent to Duratek's stockholders seeking their approval of the transaction. Investors may obtain a free copy of the proxy statement and other documents filed by Duratek with the Commission at the Commission's website at www.sec.gov, or by directing a request to: Diane Brown, Corporate Secretary, Duratek, Inc., 10100 Old Columbia Road, Columbia, Maryland 21046. Ms. Brown can be reached at 410-312-5100.
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