SembCorp Marine Takes Action

Singapore, Nov 28, 2007

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

Separately, SCM's wholly owned subsidiary, Jurong Shipyard Pte Ltd (""JSPL"") lodged a complaint against Wee today with the Commercial Affairs Department relating to unauthorised foreign exchange transactions.

SCM first announced that Wee entered into various unauthorised transactions for the account of JSPL on 22 October 2007. SCM and JSPL have taken these actions aving had the opportunity of reviewing all the relevant circumstances.


- END -


For media & analysts enquiries, please contact:

Judy Han (Ms)
Senior Vice President
Investor Relations & Communications
Tel No: (65) 6262 7203
Fax No: (65) 6261 0738
Email: judy@sembcorpmarine.com.sg
Website: www.sembcorpmarine.com.sg

back to top