LEU Centrus Energy Corporation

¹ The reporting person disclaims beneficial ownership of these securities except to the extent of his equity interest therein.

Explanatory Note:

This Amendment No. 3 (this “Amendment”) to the Statement of Beneficial Ownership on Schedule 13D amends Amendment No. 2 to the Schedule 13D (the “Schedule 13D”) filed on February 7, 2017 with the Securities and Exchange Commission with respect to shares of Class A common stock of Centrus Energy Corp. Capitalized terms used but not defined in this Amendment have the meaning set forth in the Schedule 13D. This Amendment is being filed to amend and supplement the Schedule 13D as set forth herein.

Item 4 of the Schedule 13D is hereby amended and restated in its entirety so that it shall now read as follows:

The Shares disclosed herein were acquired for investment purposes. The reporting persons do not have any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D, except that on April 13, 2020, they entered into a Voting and Nomination Agreement (the “Voting Agreement”) with the Issuer. Pursuant to the Voting Agreement, (a) the Issuer agreed (i) to include Michael O’Shaughnessy as a nominee in the Issuer’s slate of nominees for election as directors of the Issuer at the Issuer’s 2020 annual meeting of stockholders (the “2020 Annual Meeting”), and (ii) to use commercially reasonable efforts to cause the election of Mr. O’Shaughnessy to the Issuer’s board of directors (the “Board”) at the 2020 Annual Meeting (including recommending that the Issuer’s stockholders vote in favor of the election of Mr. O’Shaughnessy), and (b) each reporting person agreed (i) to cause to be present and to vote at the 2020 Annual Meeting all shares of the Issuer for which such reporting person is the beneficial owner in accordance with the recommendations of the Issuer’s management, and (ii) to cause to be present and to vote all shares of the Issuer for which such reporting person is the beneficial owner for the Issuer’s slate of nominees for election as directors of the Issuer at the Issuer’s 2021 annual meeting of stockholders (the “2021 Annual Meeting”), provided that Mr. O’Shaughnessy is included in the slate of directors nominated by the Issuer. If Mr. O’Shaughnessy withdraws from the Board or is unable to, refuses to, or otherwise does not consent to be nominated to serve on the Board, the reporting persons may designate a replacement reasonably acceptable to the Issuer to be included as a nominee in the Issuer’s slate of nominees for election as directors of the Issuer at the 2021 Annual Meeting; in any event, each reporting person shall remain obligated to cause all of the Issuer’s shares for which it is the beneficial owner to be present at the 2021 Annual Meeting and to vote for the Issuer’s slate of nominees.

The foregoing description of the Voting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Voting Agreement, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.

The reporting persons intend to review their investments in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the reporting persons may in the future take such actions with respect to their investments in the Issuer as they deem appropriate including, without limitation, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares or changing their intention with respect to any and all matters referred to in Item 4.

Item 5 of the Schedule 13D is hereby amended and restated in its entirety so that it shall now read as follows:

Kulayba LLC is a limited liability company of which Mr. Morris Bawabeh is the sole member.

M&D Bawabeh Foundation, Inc. is a 501(c)(3) charitable foundation. Mr. Morris Bawabeh is a director and an officer of the Foundation. Mr. Bawabeh has no pecuniary interest in Shares held by the Foundation and disclaims beneficial ownership of such Shares.

The percentages of beneficial ownership shown herein are based on 8,673,976 Shares issued and outstanding as of March 3, 2020 as reported on the Issuer’s Form 10-K for the year ended December 31, 2019, filed on March 27, 2020.

Item 6 of the Schedule 13D is hereby amended and restated in its entirety so that it shall now read as follows:

Reference is made to the Voting Agreement defined and described in Item 4.

Item 7 of the Schedule 13D is hereby amended and restated in its entirety so that it shall now read as follows:

SIGNATURE

After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned hereby certifies that the information set forth in this statement is true, complete and correct.

Dated: April 20, 2020

Exhibit B

SCHEDULE OF TRANSACTIONS IN SHARES

*Shares were gifted to the Foundation.