Media Releases

Jurong Shipyard, a wholly owned subsidiary of SembCorp Marine is pleased to announce that SeaDrill Limited (SeaDrill) has exercised the option to build the second unit of the 6th generation ultra deep water semi-submersible drilling rig at a contract value of US$404 million.

SembCorp Industries (SCI) turned in a strong first half 2005 performance, powered by good showing from its Utilities, Marine and Logistics businesses. The Group’s profit attributable to shareholders of the Company (PATMI) rose 40% from 1H2004 to $146.7 million while turnover grew 23% to $3.5 billion from the same period last year.

SembCorp Marine is pleased to announce that Jurong Shipyard, its wholly owned subsidiary, has signed a Letter of Intent with PetroMena AS, a wholly owned subsidiary of Larsen Oil & Gas (LOG) to build a semi-submersible rig in the region of US$400 million.

SembCorp Environmental Management, a wholly owned subsidiary of SembCorp Industries, today opened its new e-waste recovery plant in Tuas. The plant, with a capacity of 500 tonnes per month, sits on 57,000 square feet of land, and is SembEnviro’s first e-waste facility and its 8th facility in Singapore.

SembCorp Industries Ltd, one of the largest listed companies on the Singapore Stock Exchange and a leading engineering services group in Asia, has launched a Fund in memory of the late Mr Wong Kok Siew under the umbrella of Trailblazer Foundation Ltd, an Institution of Public Character (IPC) and charity.

With reference to its press release of March 18, 2005, SembCorp Industries (“SCI”) is pleased to announce that the sale of SembCorp Ventures Pte Ltd’s remaining 28.8% stake in Pacific Internet Limited (“PacNet”) to Kingsville Capital has been completed. Accordingly, PacNet has ceased to be an associate company of SCI.

SembCorp Industries is pleased to announce the appointment of Mrs Lee Suet Fern as a Director and a member the Audit Committee both with effect from July 1, 2005. Mrs Lee is to be considered Independent for the purposes of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.

SembCorp Marine is pleased to announce that its wholly owned subsidiary, Jurong Shipyard has secured its third rig building contract worth US$131 million from Petrojack ASA for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jack-up Rig.

Jurong Shipyard, a wholly owned subsidiary of SembCorp Marine has secured an EPC contract to build two ultra-deepwater semi-submersible drilling rigs worth a total project value of US$780 million for Seatankers Management Co. Ltd (Seatankers). Seatankers will give the public drilling company SeaDrill Ltd the right to acquire the rigs at existing contract terms.

SembCorp Utilities Pte Ltd (“SembUtilities”), a wholly-owned subsidiary of SembCorp Industries Ltd, has signed an agreement with ZhangJiaGang Free Trade Zone ZhangBao Industry Company Ltd (“ZhangBao”) to form a joint venture company to acquire, expand, own and operate an integrated wastewater treatment facility in ZhangJiaGang Free Trade Zone in Jiangsu Province.

SembCorp Industries (the Company) refers to recent press reports regarding its position on SembCorp Logistics (SembLog).

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