Media Releases

PT Batamindo Investment Cakrawala announces that it has signed an agreement with Wartsila Corporation today on the acquisition of three new 6MW dual-fuel generating engines for Batamindo Industrial Park.

SembCorp Marine is pleased to announce that its subsidiary, PPL Shipyard has secured a rig building contract worth US$130 million from Japan Drilling Co., Ltd (JDC) for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jack-up Rig.

SembCorp Industries Ltd (“SCI”) wishes to announce that its wholly-owned subsidiary, Singapore Technologies Industrial Corporation Ltd (“STIC”), has received approval by the High Court of Singapore to reduce its issued and fully paid-up capital from S$180,074,750.25 divided into 720,299,001 ordinary shares of S$0.25 each to S$9,000,000 divided into 36,000,000 ordinary shares of S$0.25 each.

See attached below.

SembCorp Industries reported strong earnings and turnover for the first quarter ended 31 March 2005. Group Profit After Tax and Minority Interest (PATMI) climbed 64% to reach $72.3 million against 1Q2004. Group turnover was $1.9 billion, an increase of 35% over 1Q2004.

SembCorp Marine is pleased to announce the appointment of Mr Tang Kin Fei, SembCorp Industries’ Group President and CEO (Designate), as a Director with effect from May 1, 2005.

Jurong Shipyard, a subsidiary of SembCorp Marine has secured a rig building contract worth US$127.1 million with Petrojack AS for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jack Up Rig. Petrojack AS is a company formed by Norwegian Berge Gerdt Larsen, founder of Larsen Oil & Gas AS, Chairman and main shareholder in DNO ASA (The Norwegian Oil Company), a company listed on the Oslo Stock Exchange in Norway.

SembCorp Industries Ltd (SCI) today announced the appointment of Tang Kin Fei as its Group President and CEO. The appointment will take effect May 1, 2005.

PPL Shipyard, a subsidiary of SembCorp Marine has secured a US$129 million contract for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore jack-up rig for Seatankers Management Co. Ltd.

SembCorp Marine wishes to announce the appointment of Mr Lua Cheng Eng as the Chairman and a Director to the SembCorp Marine Board with effect from March 22, 2005.

SembCorp Industries Ltd (SCI) announces that its wholly-owned subsidiary, SembCorp Ventures Pte Ltd, has today entered into an agreement with Kingsville Capital Limited (Kingsville) to sell its remaining 3,829,373 ordinary shares of par value S$2.00 each in Pacific Internet Limited (PacNet) at US$7.00 per share. The shares represent approximately 28.8% of the total outstanding shares in PacNet.

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