Press Release Sembcorp Signs Three Agreements to Expand Utilities Business in Liaoning Province, China

PRESS RELEASE

SEMBCORP SIGNS THREE AGREEMENTS TO EXPAND UTILITIES BUSINESS IN LIAONING PROVINCE, CHINA

Singapore, September 28, 2011 – Sembcorp is pleased to announce that it will be signing three memoranda of understanding (MOU) to explore further collaboration on utilities projects in the Liaoning province, China, at the Singapore-Liaoning Economic and Trade Council meeting later this morning.

MOU for the strategic cooperation between Sembcorp and Liaoning government

The first of the MOUs that will be signed is a strategic cooperation framework between Sembcorp and the Liaoning Provincial Bureau of Foreign Trade and Economic Cooperation to strengthen their collaboration in the development of utilities facilities in the Liaoning province. As part of this strategic cooperation framework, Sembcorp will explore the provision of utilities, including energy and water solutions, to industrial customers, particularly in the petrochemical industry, in various cities within the Liaoning Coastal Economic Area and the Shenyang Economic Zone, including Fushun, Dalian Chang Xing Island and Panjin.

The MOU will be signed by Alan Yau, Chief Executive Officer of Sembcorp China (廖伟豪, 胜科中国区首席执行官) and Wang Jin Di, Director of Liaoning Provincial Bureau of Foreign Trade and Economic Cooperation (王金笛, 辽宁省对外贸易经济合作厅厅长).

MOU to explore investing in centralised utilities projects in Dalian Chang Xing Economic and Technological Development Zone, Liaoning province

Following the signing of the strategic cooperation framework, Sembcorp will be signing a MOU with the Dalian Chang Xing Island Economic and Technological Development Zone (大连长兴岛经济技术开发区) to explore the development of world class centralised utilities facilities on Dalian Chang Xing Island.

The MOU will be signed by Alan Yau, Chief Executive Officer of Sembcorp China (廖伟豪, 胜科中国区首席执行官) and An Jin Xiang, Vice Director of Dalian Chang Xing Island Economic and Technological Development Board (安锦香，大连长兴岛经济技术开发区管委会副主任).

MOU to explore forming a joint venture to develop centralised utilities project in Fushun Hi-tech Development Area, Liaoning province

Sembcorp will be signing a third MOU with the Fushun Hi-tech Industrial Area Administration Committee to explore forming a joint venture company to develop a centralised utilities project for the provision of energy, water and on-site logistics to the Fushun Hi-tech Industrial Development Area.

This MOU will be signed by Alan Yau, Chief Executive Officer of Sembcorp China (廖伟豪, 胜科中国区首席执行官) and Wang Yong, Director of Fushun Foreign Trade and Economic Cooperation Bureau (王咏, 抚顺市对外贸易经济合作局局长).

The signings, which will take place at the 6th Singapore-Liaoning Economic & Trade Council Meeting in Singapore, will be witnessed by Gan Kim Yong, Singapore’s Health Minister (颜金勇, 新加坡卫生部长), and Bing Zhi Gang, Vice Governor of Liaoning province (邴志刚,中国辽宁省政府副省长).

Commenting on Sembcorp’s latest plans to explore further expansion in China, Mr Yau said, “The Liaoning province has been playing an increasingly vital role in the economic development of China, with the Liaoning Coastal Economic Zone being promoted as a national strategy to boost the economy of northeastern China and the China government’s focus to grow the petrochemical industry as part of the “Twelfth Five-Year” key project. These initiatives certainly present immense opportunities for Sembcorp to invest and further establish our presence in these high- growth areas.

“The Dalian Chang Xing Island is also earmarked to be developed as a world class petrochemical hub, similar to Singapore’s Jurong Island. As Sembcorp is a well-established provider of utilities facilities to leading chemical and petrochemical multi-national clients on Jurong Island, we plan to bring our expertise to Dalian Chang Xing Island and support the China government’s initiatives and national strategy. The enthusiasm of the local government and partners to explore further cooperation with us is a testament of their confidence in Sembcorp’s ability to deliver essential energy and total water solutions in these important and significant development areas in China. We are humbled by their trust in us, and we will continue to build, own and operate world class utilities facilities, as we always have.

“Last but not least, we would like to express our appreciation to International Enterprise (IE) Singapore for its unwavering support, and we look forward to working closely with IE Singapore, especially to encourage more Singaporean companies to develop business opportunities on Dalian Chang Xing Island.”

Sembcorp currently has operations in 12 cities across nine provinces in China, with existing water facilities in Shenyang and Xinmin in the Liaoning province.

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Jody Phang (Ms) Melissa Yee (Ms) Manager Manager Group Corporate Relations Group Corporate Relations DID: +65 6723 3180 DID: +65 6723 3326 Email: [email protected] Email: [email protected]

ABOUT SEMBCORP INDUSTRIES Sembcorp Industries is a leading energy, water and marine group operating across six continents worldwide. With facilities with 5,600 megawatts of gross power capacity and over six million cubic metres of water per day in operation and under development, Sembcorp is a trusted provider of essential energy and water solutions to both industrial and municipal customers.

In China, Sembcorp’s water facilities in Fuzhou, Nanjing, Qinzhou, Qitaihe, Shanghai, Shenyang, Tianjin, Xinmin, Yancheng, Yanjiao, Zhangjiagang and Zhumadian have a total capacity of over 1.2 million cubic metres of water per day, and serve the water needs of over two million people in China. In addition, Sembcorp operates a cogeneration plant providing power and steam to multinational companies and local enterprises in the Shanghai Chemical Industrial Park.

Sembcorp is also a world leader in marine and offshore engineering, as well as an established developer of integrated townships and industrial parks.

The Group has total assets of over S$10 billion and employs over 9,000 employees. Listed on the main board of the Singapore Exchange, it is a component stock of the Straits Times Index and several MSCI indices.

Note to Editors: Following a company rebrand, please refer to the company as “Sembcorp” (with “S” in upper case and “c” in lower case), or “Sembcorp Industries” in full. Please also note that “Sembcorp” is not an abbreviation of “Sembawang Corporation” but a brand name in itself, and it is therefore incorrect to refer to our company as “Sembawang”, “Sembawang Corporation” or similar.