Statement by Sembcorp Marine Ltd
Singapore, June 2, 2016: Sembcorp Marine Ltd made an announcement on 24 May 2016 where it referred to an article in the Upstream publication that reported that Sembcorp Marine Ltd and its subsidiary Jurong Shipyard Pte Ltd had been named as defendants along with other shipyards and entities in a suit filed by EIG Management against Petrobras with respect to their investments in Sete Brasil Participacoes SA.
Sembcorp Marine Ltd and Jurong Shipyard Pte Ltd have been served with the summons. We believe that the claim is baseless and without merit, and will rigorously contest the claim.
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