SembCorp Industries Incorporates Captive Insurance Subsidiary

Singapore, Sep 14, 2006

SembCorp Industries (“SCI”) wishes to announce that a wholly-owned subsidiary, SembCorp Captive Insurance Pte. Ltd. (“SCCI”) has been incorporated.

The principal activity of SCCI is that of a captive insurance company which underwrites, insures or reinsures the insurable risks of its parent and related companies, subject to the provisions of the Insurance Act (Cap. 142) and other terms and conditions imposed by the Monetary Authority of Singapore. 

The issued share capital of SCCI is S$2,000,000 divided into 2,000,000 ordinary shares.

By Order of the Board
Kwong Sook May
Company Secretary

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