Media Releases

As part of SembCorp Marine’s (SCM) plans to unwind cross-shareholdings in the Group, the Board of Directors of SCM wishes to announce that:

The Board of Directors of SembCorp Industries Ltd (the ""Company"") wishes to announce that, as at the close of the renounceable preferential offer (""Preferential Offer"") for sale by the Company of 375,000,000 ordinary shares of S$0.05 each in the capital of Singapore Food Industries Limited (""SFI Sale Shares"") on December 13, 2002, valid acceptances and excess applications for a total of 161,749,081 SFI Sale Shares under the Preferential Offer were received.

SembCorp Environmental Management (SembEnviro, formerly known as SembCorp Waste Management) will be offering biological waste treatment services, a move that will enlarge the company’s scope of environmental management capabilities.

SembCorp Waste Management and its business units has been renamed to embrace a single unified brand image.

SembCorp Industries announces that its wholly-owned engineering and construction subsidiary SembCorp Engineers & Constructors (SembE&C) is now expected to incur a loss of approximately $127 million for FY2002.

The Board of Directors of SembCorp Industries Ltd announces that its shareholders have approved the proposed sale of the Company’s 75 per cent interest in Singapore Food Industries Limited (""SFI"") by way of a renounceable preferential offer.

NOTICE IS HEREBY GIVEN that, subject to the approval (""Shareholders' Approval"") of the shareholders of SembCorp Industries Ltd (""SembCorp Industries"" or the ""Company"") of the proposed sale (the ""Proposed Sale"") by the Company of 375,000,000 ordinary shares of $0.05 each (""SFI Sale Shares"") in the capital of Singapore Food Industries Limited by way of a renounceable preferential offer (the ""Preferential Offer"") at the extraordinary general meeting (""EGM"")

SembCorp Industries today announced that the businesses of its wholly owned companies RDC Pte Ltd and SEMES Pte Ltd have been transferred to their holding company SembCorp Waste Management as business divisions from October 1, 2002.

On September 10, 2002, SembCorp Industries Ltd (“SembCorp Industries” or the “Company”) announced a proposed sale (the “Proposed Sale”) of 375,000,000 ordinary shares of $0.05 each (“SFI Sale Shares”) in the capital of Singapore Food Industries Limited (“SFI”), representing approximately 75 per cent of the issued share capital of SFI, at the price of S$0.70 per SFI Sale Share.

To approve the sale of SembCorp Industries’ 75 per cent equity interest in Singapore Food Industries by way of a renounceable preferential offer to SembCorp Industries shareholders.

SembCorp Industries wishes to announce that it has acquired 10,015,000 ordinary shares of $0.10 each in the capital of SembCorp Marine Ltd from the open market at a consideration of $0.874 per share.

The Board of Directors of SembCorp Industries Ltd (“SCI”) announces that at the Court Meeting of Scheme Shareholders of SembCorp Marine Ltd (“SCM”) held this morning, the Scheme Shareholders have not approved the Scheme of Arrangement to privatise SCM (the ""Scheme"") as announced by SCI on June 24, 2002.

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