Media Releases

Less than 18 months after it won the tender for Singapore’s fifth and largest NEWater project, Sembcorp Industries today announced that the first phase of the Sembcorp Changi NEWater Plant (SCNP) has been completed on schedule, and will begin commercial operations next month, with delivery of its first flow of NEWater to the PUB, Singapore’s national water agency.

Sembcorp celebrated the successful completion of an expansion to its power and desalination plant in Fujairah, UAE, boosting its power capacity by over 40%, from 535 megawatts to 760 megawatts.

Sembcorp Marine is pleased to announce that its wholly-owned subsidiary Jurong Shipyard Pte Ltd (Jurong Shipyard) has settled its disputes with the bondholders Norsk Tillitsman and PetroRig I Pte Ltd.

Sembcorp Marine wishes to announce that its wholly-owned subsidiary Jurong Shipyard Pte Ltd (Jurong Shipyard) has obtained an Anti-Suit Injunction restraining Norsk Tillitsman ASA, trustees of the bonds issued by Petromena ASA, from continuing with the court proceedings in the United States Bankruptcy Court against Jurong Shipyard, whether by themselves or their agents or through PetroRig I Pte Ltd.

Further to the announcement made on 20th May 2009, the application by PetroRig I Pte Ltd before the bankruptcy court in New York has been adjourned further till 1st June 2009.

Yanlord Land Group Limited (“Yanlord”) together with Sembcorp Industrial Parks Ltd. (“Sembcorp”) and Surbana Land Pte Ltd. (“Surbana”) jointly announced today that they have through their joint venture company in Singapore, Singapore Intelligent Eco Island Development Pte Ltd. (“Eco-Island”) signed a collaborative agreement to develop “Sino-Singapore Nanjing Eco High-Tech Island” (“Eco High- Tech Island”) in Nanjing, People’s Republic of China (“PRC”).

Sembcorp continued to make progress in its water projects in China, with two projects which had been selected as bilateral demonstration projects by the governments of China and Singapore marking important milestones today.

Further to the announcement made yesterday, the application by PetroRig 1 before the bankruptcy court in New York has been adjourned till Friday as the opponents / associated third parties made a commercial proposal which will result in Jurong Shipyard Pte Ltd (""JSPL"") being paid in full.

We refer to the article “PetroRig sues Sembcorp Marine over rig contract” by Reuters on 18 May 2009 referring to an action purportedly commenced in the United States by PetroRig I Pte Ltd against our wholly-owned subsidiary Jurong Shipyard Pte Ltd over the termination of the construction contract for PetroRig I.

Sembcorp Industries wishes to announce the formation of a joint venture company, in which its wholly-owned subsidiary, Sembcorp Industrial Parks, holds a 30% share.

Sembcorp Industries (Sembcorp) reported a profit after tax and minority interest (PATMI) of S$133.6 million for the first quarter ended March 31, 2009 (1Q2009).

SMOE Pte Ltd, a subsidiary of Sembcorp Marine, is pleased to announce that its fully-owned Indonesian business unit, PT SMOE Indonesia, in consortium with PT Saipem Indonesia, has secured a contract worth US$430 million from Premier Oil Natuna Sea B.V, for the engineering and construction of a Central Processing Platform, a Wellhead Platform and a 16 inch diameter by 3 km export subsea gas pipeline, to be installed in about 80 meters water depth in the Gajah Baru Field, offshore Indonesia.

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