Media Releases

The Board of Directors of SembCorp Industries Ltd (“SembCorp Industries” or the “Company”) wishes to announce that its wholly-owned subsidiaries Singapore Technologies Industrial Corporation Ltd (“STIC”) and STIC Investments Pte Ltd (“STICI”), have today entered into a conditional sale and purchase agreement (the “Sale and Purchase Agreement”) with Green Dot Capital Pte Ltd (“Green Dot Capital”)...

The Board of Directors of SembCorp Marine Ltd (“SembCorp Marine”) wishes to announce that :

SembCorp Industries announces that the Arbitration Tribunal for Solitaire has delivered a reasoned award on March 5, 2002 in London that the Owners (Allseas) were entitled to terminate the contract. The decision was made by a two to one majority.

The directors of SembCorp Industries Ltd (the “Company”) would like to confirm that the 213,900,000 New SembCorp Industries Shares issued pursuant to the Placement will be entitled to the dividend of S$36,384,000 proposed in respect of the financial year ended December 31, 2001, if such dividend is approved by shareholders of the Company at the forthcoming annual general meeting of the Company.

SembCorp Waste Management’s subsidiary, SembVisy Recycling (SembVisy), will enhance its current recycling programme to make recycling even more convenient and to encourage greater participation by residents.

Deutsche Bank today announced that it has successfully completed a new equity placement for SembCorp Industries Limited by way of an underwritten accelerated book-building exercise. The placement made up of 213.9 million new shares and 106.95 million warrants.

SembCorp Industries Ltd (SembCorp Industries) wishes to announce that its placement of New SembCorp Industries Shares together with Warrants has been priced at S$1.62 for each New SembCorp Industries Share.

The Directors of SembCorp Industries Ltd (the "Company" or "SembCorp") wish to announce that the Company proposes to undertake a placement (the "Placement") of new Shares and Warrants by way of an underwritten accelerated book-building exercise

As part of SembCorp Marine Ltd’s (SCM) plans to divest its non-core activities and to remain focused on its marine activities of ship repair, shipbuilding, ship conversion and offshore businesses, the Board of Directors of SCM wishes to announce:

SembCorp Waste Management’s (SembWaste) Australian associate, SITA Environmental Solutions (SITA Aus. formerly known as Pacific Waste Management) has been awarded Australia’s single biggest waste contract worth A$151 million (approximately S$142 million) to provide domestic waste and recyclables collection services for Brisbane, Australia.

SembCorp Industries wishes to announce that its wholly-owned subsidiary, SembCorp Utilities Pte Ltd, has on January 31, 2002 acquired the entire 15 per cent shareholding held by EDB Investments Pte Ltd (EDBI) in the capital of SembCorp Air Products (Hyco) Pte Ltd (SembAP) comprising 2,029,500 ordinary shares of par value S$1.00 each and 270 redeemable preference shares of par value S$1.00 each for a total consideration of S$6,342,372/-.

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