SMOE Incorporates Joint Venture

Singapore, Oct 20, 2005

SembCorp Industries (“SCI”) wishes to announce that SMOE Pte Ltd (“SMOE”) has incorporated a joint venture company, SCE Pte Ltd (“SCE”), with Concord Electrical Pte Ltd with shareholding proportions of 51% and 49% respectively. SMOE is a wholly-owned subsidiary of SembCorp Utilities Pte Ltd which in turn is a wholly-owned subsidiary of SCI.

The principal activity of SCE is to provide electrical and instrumentation work for offshore oil and gas engineering projects.

The registered and initial issued share capital of SCE is S$3,000,000 divided into 3,000,000 ordinary shares of S$1.00 each, and S$100 divided into 100 ordinary shares of S$1.00 each, respectively.
 
 
By Order of the Board 
Linda Hoon
Company Secretary

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