Media Releases

SMOE Pte Ltd, the offshore engineering subsidiary of SembCorp Utilities, in partnership with Saipem Asia, has been awarded a turnkey contract for an Offshore Platform System for the Third Transmission Pipeline Project by PTT Public Company Limited.

This will replace the existing S$2 billion programme under SembCorp Industries Ltd, which will be terminated, once existing issuances have matured.

SembCorp Industries achieved healthy 9M2004 financial results, with PATMI before Exceptional Items rising 17% to $161.6 million on the back of strong turnover of $4.4 billion, up 32% over the same period last year.

Following our earlier announcement dated July 21, 2004, SembCorp Marine is pleased to announce that the PRC regulatory authority has on November 5, 2004 granted approval for the Company to acquire 30% equity stake in the registered capital of Cosco Shipyard Group Co., Ltd.

SembCorp Industries (“SCI”) announces that the English High Court has, on 4 November 2004, heard the appeal of Sembawang Corporation (“Sembawang”) in respect of the “Choice of Yard” ruling made by the Arbitration Tribunal in the “Solitaire” ship conversion dispute, and that the High Court has reserved its decision on the appeal.

SembCorp Marine’s subsidiary Jurong Shipyard Pte Ltd has signed a US$84 million contract with German ship owner Reederei F Laeisz (RFL) for the construction of two units of 2,600 TEU container vessels.

SembCorp Marine Ltd (SembCorp Marine) is pleased to announce the award of a long-term contract from the North West Shelf venture (NWS) to provide ship dry-docking, refit, and other marine services, for their fleet of LNG ships.

SembCorp Industries Ltd (the ""Company"") refers to its announcement dated 11 October 2004 in relation to the proposed sale by SCL of its 20 per cent. stake in KNI, and the announcement released today by SCL in relation to the election by KNI to terminate the Share Buy-Back Agreement due to the placement of its entire 5 per cent. stake in SCL to JP Morgan (the ""Placement"").

SembCorp Industries (the “Group”) wishes to announce that its wholly-owned subsidiary, SembCorp Utilities Pte Ltd (“SembUtilities”), has entered into a Share Purchase Agreement (“SPA”) to dispose its entire 30 per cent interest in Sime SembCorp Engineering Sdn. Bhd. (“SSE”) comprising 12 million ordinary shares of par value MYR 1.00 each, to Pesida Equipment Sdn. Bhd., a subsidiary of Sime Darby Berhad.

SembCorp Industries (“SCI”) announces that the High Court in England has, on October 15, 2004 granted permission for Sembawang Corporation (“Sembawang”) to appeal against the “Choice of Yard” ruling by the Arbitration Tribunal in the “Solitaire” ship conversion dispute.

SembCorp Industries (“SCI”) refers to the announcement made today by its subsidiary SembCorp Logistics (“SCL”) regarding the proposed sale of SCL’s 20% stake in its associate Kuehne & Nagel International (“KNI”).

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