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Formation of Joint Venture Company by Industrial Parks Business

May 18, 2009

Sembcorp Industries wishes to announce the formation of a joint venture company, in which its wholly-owned subsidiary, Sembcorp Industrial Parks, holds a 30% share. The other shareholders of the joint venture company, Singapore Intelligent Eco Island Development Pte Ltd, are Yanlord Land Pte Ltd with a 40% share and Surbana Land Pte Ltd with a 30% share. The company is an investment holding company and will undertake a feasibility study for a development in Nanjing, China.

By Order of the Board

Kwong Sook May
Company Secretary