Media Releases

SembCorp Industries Ltd refers to its announcement of January 26, 2006 announcing that SembCorp Utilities Pte Ltd (“SembUtilities”) was one of two Shortlisted Bidders for the Fujairah Independent Water and Power Plant project (“the project”).

The Board of Directors of SembCorp Marine Ltd (the “Company”) wishes to announce that it has signed a conditional sale and purchase agreement with Seletar Investments Pte Ltd (SIPL), a wholly-owned subsidiary of Temasek Holdings (Private) Limited (Temasek) to acquire its entire equity interest in Cosco Corporation (Singapore) Limited (Cosco Corporation), comprising 110,400,000 shares for a total consideration of $120,336,000 at $1.09 per share.

SembCorp Industries wishes to announce that Dr Vichit Suraphongchai has stepped down as a Director of the Company with effect from May 8, 2006.

SembCorp Industries (“SembCorp”) refers to the announcement dated May 2, 2006 made by Standard Chartered Bank, for and on behalf of Toll (Asia) Pte. Ltd, where it was announced that as Toll (Asia) Pte. Ltd. has received acceptances representing not less than 90 per cent of the total number of issued shares in SembCorp Logistics (“SembLog”), the Offer Price for each Offer Share is now S$1.80 in cash, amounting to S$793 million in proceeds.

SembCorp Marine's 1Q2006 Results Announcement

Pursuant to Rule 704(14) of the Listing Manual of the Singapore Exchange Securities Trading Limited, SembCorp Industries wishes to announce that at the Eighth Annual General Meeting and Extraordinary General Meeting of the Company held on April 27, 2006, the proposed resolutions as set out in the Notices of the Eighth Annual General Meeting and Extraordinary General Meetings were duly passed, without any modification.

PPL Shipyard, a subsidiary of SembCorp Marine has signed another rig building contract with Awilco Offshore ASA for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jack Up Rig.

Jurong Shipyard, a subsidiary of SembCorp Marine has secured a rig building contract worth US$165.5 million from JackInvest I Pte Ltd for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jack Up Rig.

At approximately 9.35 a.m. this morning, a ringer crane was performing a normal shipyard lifting operation at PPL Shipyard. While positioning the load, the boom of the crane collapsed.

The Board of Directors of SembCorp Industries Ltd (“SembCorp” or the “Company”) refers to the voluntary cash offer (the “Offer”) by Standard Chartered Bank, for and on behalf of Toll (Asia) Pte. Ltd. (the “Offeror”), a wholly-owned subsidiary of Toll Holdings Limited, for all the ordinary shares (“SembLog Shares”) in the capital of SembCorp Logistics Limited (“SembLog”), and its announcements dated 6 March 2006 and 20 March 2006 in relation to the Company’s irrevocable undertaking to accept the Offer in respect of all its SembLog Shares.

SembCorp Industries Ltd (“SembCorp”) announces that it is rationalising its industrial park and leisure investments on the Indonesian Riau Islands through the consolidation of these investments (the “Consolidation”) under a Singapore incorporated company, Gallant Venture Pte. Ltd. (“GV”). GV has obtained a letter of eligibility from the Singapore Exchange Securities Trading Limited (“SGX”) for the listing and quotation of all its issued shares on the SGX-ST Dealing and Automated Quotation System (“Listing”) and has today lodged its listing prospectus with the Monetary Authority of Singapore.

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