Media Releases

On May 5, 1999, the directors of Sembawang Resources Limited (SRL) and SembCorp Industries Ltd (SembCorp) announced a scheme to reorganise the capital of SRL under Section 210 of the Companies Act (Scheme) for the purpose of the privatisation of SRL.

Sembawang Resources Limited (SRL or the Company) wishes to announce that, pursuant to Clause 904(1)(d) of the Listing Manual of the Stock Exchange of Singapore, its wholly-owned subsidiary, RDC International Pte Ltd, has acquired the remaining 51 per cent equity interest in the capital of Industrial Imex Pte Ltd (IMEX) from GH Carriers Pte Ltd for a cash consideration of $1,043,667.

On May 5, 1999, the directors of Sembawang Resources Limited (SRL) and SembCorp Industries Ltd (SembCorp) announced a scheme to reorganise the capital of SRL under Section 210 of the Companies Act (Scheme) for the purpose of the privatisation of SRL.

The $1.1 billion utility investment in SembCorp Utilities and Terminals (SUT), SembCorp Gas (SembGas) and SembCorp Cogen (SembCogen) on Jurong Island took a step forward today as construction work began for the receiving station and cogeneration plant along with SUT's grand opening for full commercial operation.

Sembawang Resources Limited (SRL or the Company) wishes to announce that the Company has through its wholly-owned subsidiary, RDC Moulmein Development Pte Ltd, entered into an agreement to dispose to Yong Da Development Pte Ltd (Yong Da), the development site at 21 Moulmein Rise, Singapore.

Announcement Of Appointment Of Mr Goh Kiat Soon As General Manager Of Outsourcing Unit

With reference to SembCorp Industries' announcement on May 21, 1999 on the sale of Pacific Internet ("PacNet") shares, the company wishes to announce that it has, at the close of the secondary offering, sold 1,434,184 ordinary shares in its Nasdaq-listed subsidiary.

JSL wishes to announce that Mr Wong Kok Siew (age 52), JSL's Deputy Chairman, has been appointed Chairman of JSL from June 12, 1999. Mr Wong's appointment follows Mr Lua Cheng Eng's retirement from the JSL Board at the Annual General Meeting on June 11, 1999.

SembCorp Industries wishes to announce that Mr Cheong Quee Wah has resigned as a Director of the Board from June 1, 1999. However, Mr Cheong will remain as the Executive Director of the Company.

SembCorp Engineering, a subsidiary of SembCorp Industries, announced that it cut first steel for the landmark Malampaya gas to power project on May 27, 1999. SembCorp Engineering was awarded the contract by Brown & Root Energy Services (BRES) in February 1999 for the fabrication of the Malampaya topsides.

NOTICE IS HEREBY GIVEN THAT the Nineteenth Annual General Meeting of the Company will be held at Auditorium, 7 Bedok South Road, Singapore 469272 on Wednesday, June 16, 1999 at 2.00 p.m. to transact the following business:-

NOTICE IS HEREBY GIVEN that the Register of Members and Share Transfer Books will be closed on June 25, 1999 and June 28, 1999 for the purpose of determining Members' entitlements to the dividend to be proposed at the Nineteenth Annual General Meeting of the Company to be held on June 16, 1999.

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