Media Releases

The Board of Directors of SembCorp Marine (the “Company”) wishes to announce that the Company has acquired from PPL Shipyard the entire shareholding of Sabine Industries comprising Sabine Shipyard and Sabine Offshore Services, Inc in Texas, USA as part of its strategy to streamline its operations.

Dolphin Shipping Company Pte Ltd, a wholly owned subsidiary of SembCorp Marine, has entered into a joint venture partnership with Entraco Venture Corporation Pte Ltd to own and operate a fleet of support vessels.

Sembcorp Industries wishes to announce that its inactive wholly-owned subsidiary, SembWaste Cleantech Pte Ltd, has been placed under Members’ Voluntary Liquidation on December 26, 2007. Mr Robert Yam Mow Lam has been appointed as the liquidator for the company.

The project represents Sembcorp’s entry into North Vietnam, showcases its new improved integrated industrial township model

The first of a series of three high-performance, identical design 6th generation semi-submersible rigs - West Sirius - built by SembCorp Marine’s subsidiary Jurong Shipyard for Norway’s Seadrill Limited was named today by Mrs C J Hadden, wife of Mr Steve Hadden, Senior Vice President of Devon Energy Corporation.

SembCorp Marine’s wholly-owned subsidiary, Jurong Shipyard Pte Ltd (JSPL) has entered into an agreement to acquire a 70 percent equity stake in Shanghai Jurong Marine Engineering & Technology Co. Ltd (JSMET). JSMET offers services for marine design work.

SembCorp Marine (“SCM”) today announced that it has summarily dismissed its former Group Finance Director, Wee Sing Guan, from its employ.

On 22 October 2007, SembCorp Marine (""SCM"") announced that one of its employees, Mr Wee Sing Guan, entered into various unauthorised foreign exchange ransactions (the ""Unauthorised Transactions"") for the account of one of its wholly owned subsidiaries, Jurong Shipyard Pte Ltd (""JSPL""), and misled JSPL and SCM in elation to the Unauthorised Transactions.

SembCorp Marine Ltd (“SCM”) and Nasser Mohammed Al-Mukairish and Partners Company (Al Mukairish) have signed a joint venture agreement to form SembMarine (Middle East) Pte Ltd (“SMME”).SMME will be a Founding Shareholder in the Saudi Arabia joint stock company named Floating Dock for Shipbuilding and Ship Repair Company (""FDSCO""), which will build, own and operate the FDSCO Yard during its 30-year term.

SembCorp Marine is pleased to announce a contribution of $264,550 to a total of 1,225 students under this year’s School Book Assistance Grant (SchoolBAG) scheme. This year’s contribution represents a 19% increase from the $222,450 given out last year.

The Board of Directors of SembCorp Marine (“SCM”) is pleased to announce the appointment of Mrs Lim Joke Mui as a Non-Executive Director (non-independent) of the Company with effect from 24 November 2007.

Sembcorp Gas and Singapore Petroleum Company Limited (SPC), a member of the Keppel Group, will jointly introduce the first retail compressed natural gas (CNG) service early next year. The retail price of the CNG will be announced later.

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