Media Releases

The Company wishes to point out that there was an erroneous reference to “the number of Shares to be cancelled” pursuant to the Capital Reduction, in paragraph 2 of the announcement made on 14 July, 2006 in relation to the Capital Reduction and Cash Distribution. The Company wishes to reiterate that the Capital Reduction will not involve any cancellation of Shares in the issued share capital of the Company, as per the Circular to Shareholders dated 15 June, 2006.

SembCorp Industries Ltd (SembCorp) announces that it has today, through its wholly owned subsidiaries, SembCorp Utilities Pte Ltd (SembUtilities) and Sembawang Corporation, entered into conditional Sale & Purchase Agreements for the sale of SMOE Group (SMOE) and Sembawang Bethlehem Pte Ltd (SemBeth) to SembCorp Marine Ltd (SembMarine) and SembMarine’s wholly-owned subsidiary, Sembawang Shipyard Pte Ltd (SSPL) respectively, for a total cash consideration of approximately S$66.75 million.

Further to the SembCorp Industries’ announcement on March 30, 2006 relating to the full and final settlement for the Solitaire arbitration, SembCorp Industries is pleased to announce that its subsidiary Sembawang Corporation Ltd (Sembawang) has received confirmation from the Inland Revenue Authority of Singapore that the compensation and related legal costs incurred in relation to the Solitaire arbitration are trade losses of Sembawang.

Pursuant to Rule 704(14) of the Listing Manual of the Singapore Exchange Securities Trading Limited, SembCorp Industries wishes to announce that at the Extraordinary General Meeting of the Company held on July 7, 2006, the proposed special resolution as set out in the Notice of the Extraordinary General Meeting was duly passed, without any modification.

The Board of Directors of SembCorp Marine Ltd (the “Company”) wishes to announce that it has acquired an additional 50 per cent equity stake in Jurong Marine Services Pte Ltd (“JMS”) from SembCorp Logistics Ltd (SembLog) for a total cash consideration of S$1,660,000.

SembCorp Industries (SembCorp) is pleased to announce that its wholly-owned subsidiary, SembCorp Utilities (SembUtilities), has entered into a joint venture with the Abu Dhabi Water and Electricity Authority (ADWEA) to acquire the Fujairah-based Independent Water and Power Plant (IWPP).

SembCorp Industries (SembCorp) wishes to announce that its wholly owned subsidiary, SembCorp Environmental Management (SembEnviro), has entered into a joint venture with Singapore’s largest waste plastics recycling company, K K Asia Pte Ltd, to take up a 90% stake in a new JV company, SembEnviro KK Asia (the JV).

SembCorp Industries Ltd (“the Company”) refers to its announcement of May 22, 2006 regarding notification from the Abu Dhabi Water and Electricity Authority (“ADWEA”) for both Shortlisted Bidders to submit final revised proposals for the Fujairah Independent Water and Power Plant project (“the Project”).

SembCorp Industries (SembCorp) announces today that it has executed a Sale & Purchase Agreement (SPA) with, and completed the sale of its shares in its wholly-owned subsidiary, SembCorp Engineers and Constructors (SembE&C), to Punj Lloyd Pte Ltd, a wholly-owned subsidiary of Punj Lloyd Limited, a leading transnational engineering and construction group with headquarters in India.

SembCorp Industries Ltd (“SembCorp”) announces that its wholly owned subsidiary, Sembawang Nominees Pte Ltd, has today entered into an agreement with Successpro Limited, to sell its 20,999,550 ordinary shares in Pulau Holdings Pte Ltd (“Pulau Holdings”) for a cash consideration of S$3.8 million. The shares represent 53.845% of the total outstanding shares in Pulau Holdings.

SembCorp Marine wishes to announce that it has divested its entire 82 per cent equity stake in Kristiansand Drilling Pte Ltd (Kristiansand) to Deep Drilling I Pte Ltd for a total cash consideration of US$97.0 million, following the minority shareholder of Kristiansand exercising the call option granted to them in January 2004.

SembCorp Industries wishes to announce that its indirect wholly-owned subsidiaries RDC Woodlands Development Pte Ltd and SLRC Investments Pte Ltd have been placed under Members’ Voluntary Liquidation on 22 May 2006.

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