SembCorp Industries Winds Up Dormant & Inactive Subsidiaries

Singapore, Dec 18, 2006

SembCorp Industries wishes to announce that its dormant subsidiary, Bintan Carrier Services Pte Ltd (“Bintan Carrier”) and its inactive wholly-owned subsidiaries, Sembawang Investments Pte Ltd (“SembInv”) and SembFood Pte Ltd (“SembFood”) have been placed under Members’ Voluntary Liquidation.  Mr Teo Ban Seng has been appointed as the liquidator for Bintan Carrier and Mr Robert Yam has been appointed as the liquidator for SembInv and SembFood.

The voluntary liquidation of these subsidiaries do not have any material financial impact on SembCorp Group for the financial year ending December 31, 2006.

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By Order of the Board
Kwong Sook May
Company Secretary

About SembCorp Industries

SembCorp Industries Ltd is a leading utilities and marine group. The Group provides centralised utilities & energy to industrial customers in Singapore, the United Kingdom, Asia and the Middle East. It is a global leader in marine & offshore engineering and also a provider of environmental management services in the region.

SembCorp Industries has total assets of over S$7.0 billion and employs more than 8,000 employees.

Listed on the main board of the Singapore Exchange, SembCorp Industries is a component stock of the Straits Times Index and several MSCI indices.

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