Media Releases

SembCorp Utilities (SembUtilities), a wholly-owned subsidiary of SembCorp Industries, has acquired 70 per cent of NCIP Water Industry Company Ltd, an existing equity joint venture to build, own and operate a 100,000 tonnes per day water treatment facility in Nanjing Chemical Industry Park (“NCIP”). The total cost of the project is expected to be US$19 million.

SembCorp Industries achieved robust 36% growth in profits attributable to shareholders (PATMI) for the nine-month period (9M2005) to $212.8 million, with PATMI for the third quarter of 2005 (3Q2005) rising 28% to $66.1 million. This was led by strong contributions from its Utilities and Marine businesses.

SembCorp Industries would like to announce that Ernst & Young, the appointed Receiver for its associate company Bintan Lagoon Resort Limited (“BLR”), has disposed of BLR’S entire shareholding in PT Bintan Lagoon Resort (“PT BLR”). With this, SembCorp Industries’ interest in PT BLR has now ceased.

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.

SembCorp Industries is pleased to announce that two of its business units, SMOE and Sembawang Shipyard, have jointly completed their portion of the fabrication and integration of the topside facilities on one of the world’s largest Floating, Production, Storage and Offloading (FPSO) vessels, ERHA FPSO, which will be located in the Erha Field offshore Nigeria.

Singapore-based SembCorp Parks Holdings and Vietnam-based Becamex - developers of Vietnam Singapore Industrial Park (VSIP), have progressed on to the Phase Three development of VSIP. Encouraged by the strong take-up of land parcels and ready-built factories in the park, VSIP also announced its plan to expand in Binh Duong Province and has earmarked another piece of land for industrialization.

SembCorp Industries would like to announce that Ms Loh Wai Kiew has resigned as President and CEO of SembCorp Environmental Management (SembEnviro).

SembCorp Industries (SCI) turned in a strong first half 2005 performance, powered by good showing from its Utilities, Marine and Logistics businesses. The Group’s profit attributable to shareholders of the Company (PATMI) rose 40% from 1H2004 to $146.7 million while turnover grew 23% to $3.5 billion from the same period last year.

SembCorp Environmental Management, a wholly owned subsidiary of SembCorp Industries, today opened its new e-waste recovery plant in Tuas. The plant, with a capacity of 500 tonnes per month, sits on 57,000 square feet of land, and is SembEnviro’s first e-waste facility and its 8th facility in Singapore.

SembCorp Industries Ltd, one of the largest listed companies on the Singapore Stock Exchange and a leading engineering services group in Asia, has launched a Fund in memory of the late Mr Wong Kok Siew under the umbrella of Trailblazer Foundation Ltd, an Institution of Public Character (IPC) and charity.

With reference to its press release of March 18, 2005, SembCorp Industries (“SCI”) is pleased to announce that the sale of SembCorp Ventures Pte Ltd’s remaining 28.8% stake in Pacific Internet Limited (“PacNet”) to Kingsville Capital has been completed. Accordingly, PacNet has ceased to be an associate company of SCI.

SembCorp Industries is pleased to announce the appointment of Mrs Lee Suet Fern as a Director and a member the Audit Committee both with effect from July 1, 2005. Mrs Lee is to be considered Independent for the purposes of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.

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