Media Releases

I would like to thank you on behalf of SembCorp Industries for joining us this Sunday morning to mark the launch of Semac’s new services to the five sectors -- Clementi, the City, Hougang-Punggol, Ang Mo Kio-Toa Payoh and Woodlands-Yishun – which we will begin to serve progressively from May 1st to August this year.

SembCorp Industries wishes to announce that it has increased the paid-up capital of wholly-owned subsidiary SembCorp Waste Management (SembWM) by subscribing for additional 35,000,000 ordinary shares at par value of S$1.00 each and 1,200,000 redeemable cumulative preference shares of par value S$0.01 at a share premium of S$99.99 each.

SembCorp Industries wishes to announce that it has no impending bond or convertible bond issue, nor is the company contemplating the issue of any such instruments at this point in time.

SembCorp Marine announces today that its associated company, PPL Shipyard, has secured a letter of award from Santa Fe International Corporation for the construction of two Friede& Goldman ExD- designed deep water semi submersible drilling rigs.

SembCorp Industries exchanges its stake in Suzhou factories and Bangalore for equity in the Wuxi-Singapore Industrial Park

SembCorp Marine has signed a Sale and Purchase Agreement with PPL Holdings Pte Ltd to acquire a 50 per cent equity stake comprising 10,000,000 shares of $1.00 each in PPL Shipyard Pte Ltd (PPLS) for $16,000,000.

SembCorp Industries has decided not to proceed with the completion of its proposed global equity offering of approximately 160 million new shares. At the close of the book-building exercise on March 28, 2001 at 5.00 pm GMT, SembCorp Industries has in consultation with the bookrunner JP Morgan, decided to cancel the offering due to weak equity markets worldwide.

SembCorp Industries intends to engage in a generalfinancing programme in order to fund expected strategic investments whilegenerally maintaining its current gearing levels. As part of such financing programme, SembCorp Industries currently plans to make a global equity offeringof up to approximately 185,000,000 new ordinary shares, which would representan increase of up to approximately 11.5 per cent of its current share capital.

SembCorp Industries' FY2000 Financial Results Presentation and Masnet

SembCorp Industriesannounces that its wholly-owned subsidiary, RDC International Pte Ltd, has today divested all its shares in Fodex Pte Ltd, which holds a 49 per centequity interest comprising 980,000 fully paid-up ordinary shares in Golden PlusRDC Sdn Bhd to RMC Concrete (Singapore) Pte Ltd for a consideration of $1,525,000.

SembCorp Industries announces that its subsidiary, RDC Holdings Pte Ltd, has today disposed of its entire 30 per cent shareholding interests in RM Shipping Pte Ltd for a nominal consideration of $1.00.

Sembawang Marine & Offshore Engineering (SMOE), the Oil & Gas division of SembCorp Utilities (SembUtilities), has successfully completed the fabrication of the largest integrated topsides to be installed in Asia Pacific for Shell Philippines Exploration.

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