Sembcorp Industries Winds Up Inactive Subsidiaries

Singapore, Oct 23, 2006

SembCorp Industries (SembCorp) wishes to announce that its inactive subsidiaries, MSI (BVI) Limited (“MSI”), Sembawang Corporation Investments (S) Pte Ltd (“Sembawang”) and RDC Cement Pte Ltd (“RDC”) have been placed under Members’ Voluntary Liquidation. All three companies are indirect wholly-owned subsidiaries. Mr Robert Yam has been appointed as the liquidator for MSI and Sembawang and Mr Teo Ban Seng has been appointed as the liquidator for RDC.

The voluntary liquidation of these subsidiaries does not have any material financial impact on SembCorp Group for the financial year ending 31 December 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 S$6.9 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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