Media Releases

The Group reported a profit attributable to shareholders of $159 million, representing a growth of 1.3 percent against 2000 interim profits of $157 million.

SembCorp Industries wishes to announce that its engineering and construction subsidiary, SembCorp Engineers & Constructors, has projects on hand worth S$1.4 billion as of August 1, 2001.

SembCorp Industries Ltd wishes to announce that its wholly owned subsidiary, SembCorp Waste Management Pte Ltd (SembWM) has increased its shareholding in SembSITA Pte Ltd (SembSITA) from 60 per cent to 100 per cent for a consideration of $939,326.40.

SembCorp Marine Ltd announces that Mauà Jurong S.A, the Brazilian joint-venture shipyard of Jurong Shipyard Pte Ltd (JSPL), has secured its first major contract of S$270 million for the fabrication of topside production modules for the Barracuda and Caratinga fields, offshore Brazil.

SembCorp Industries wishes to announce that its wholly-owned subsidiary, SembCorp Utilities Pte Ltd has acquired an additional 16 per cent interest in Pace Airconditioning & Engineering Pte Ltd comprising 1,600,000 ordinary shares of $1.00 each for a total consideration of $1.00. Upon the acquisition, SembCorp Utilities' equity in Pace Airconditioning & Engineering will increase from 84 per cent to 100 per cent.

SembCorp Industries wishes to announce that from July 16, 2001, its Chief Operating Officer, Ms Low Sin Leng, will be concurrently its Chief Financial Officer. The present CFO, Mr David Eaw, has resigned for personal reasons and will be leaving the Group on July 31, 2001

SembCorp Industries wishes to announce that its Environmental Engineering division has recently established a new subsidiary, Semac Recycling Pte Ltd (""Semac Recycling""), which is engaged in the business of waste recycling. Semac Recycling has an authorised capital of S$100,000/- comprising 100,000 shares of $1/- each and a paid-up capital of S$2/-.

Pursuant to Clause 903(2) of the Listing Manual of the Singapore Exchange Securities Trading Limited, SembCorp Industries wishes to announce that at the Annual General Meeting of the Company held on May 31, 2001, the proposed resolutions as set out in the Notice of the Annual General Meeting were duly passed, without any modification.

SembCorp Industries announces that it will issue a second series of $150 million seven-year fixed rate notes and a third series of $100 million three-year fixed rate notes under its $500 million Medium Term Note (MTN) Programme. It issued the first series of these Notes in October 2000.

SembCorp Industries clarifies that its subsidiary SembCorp Engineers & Constructors introduced a party who could provide financing for the (Cambodian) flood-control project.

SembCorp Marine Ltd announces that its wholly-owned subsidiary, Jurong Shipyard Pte Ltd (JSPL), will be investing S$16 million in newly formed joint-venture company, Mauà Jurong S.A. in Rio de Janeiro, Brazil.

Listed engineering services group SembCorp Industries announces that its wholly-owned subsidiary - SembCorp Engineers and Constructors (SembCorp E&C) - will acquire the business of UK-based process engineering consultant Simon-Carves.

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