Acquisition of shares in SembCorp Marine Ltd

Oct 24, 2002

SembCorp Industries wishes to announce that it has acquired 10,015,000 ordinary shares of $0.10 each in the capital of SembCorp Marine Ltd from the open market at a consideration of $0.874 per share.

Following the acquisition, SembCorp Industries’ shareholding in SembCorp Marine increases from 62.86 per cent to 63.57 per cent.

The acquisition has no significant impact on the earnings and net tangible assets per share of SembCorp Industries.

By Order of the Board
Linda Hoon Siew Kin
Group Company Secretary

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