Media Releases

SembCorp Industries wishes to announce that it Deputy Chairman and Chief Executive Officer, Mr Wong Kok Siew, has undergone surgery and will be taking an extended leave of absence.

PPL Shipyard, a subsidiary of SembCorp Marine has entered into an agreement with Deep Drilling Invest Pte Ltd, a wholly owned subsidiary of Sinvest ASA of Norway for the construction and delivery of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jack-Up Rig at a contract price of US$119.6 million.

SembCorp Marine today reported a record net profit for the full year 2004 at $95.0 million, up 21% over the same period last year.

PPL Shipyard, a subsidiary of SembCorp Marine has signed a rig building contract worth US$133.7 million with PT Apexindo Pratama Duta Tbk (“Apexindo”), the largest Indonesian oil & gas drilling company for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jack Up Rig

Facility demonstrates company’s determination to expand utilities business in the UK, and its commitment to greater environmental efficiency.

SembCorp Industries Ltd (""the Group"") refers to the announcements dated October 19 and December 21, 2004 in respect of the divestment of 30 per cent equity interest in Sime SembCorp Engineering Sdn Bhd by wholly-owned subsidiary, SembCorp Utilities Pte Ltd.

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.

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