22 Mar 2005

Appointment of Mr Lua Cheng Eng as Chairman and Director of SembCorp Marine Ltd

SembCorp Marine wishes to announce the appointment of Mr Lua Cheng Eng as the Chairman and a Director to the SembCorp Marine Board with effect from March 22, 2005.

Mr Lua is no stranger to SembCorp Marine. He was the Chairman and Director of SembCorp Marine (previously known as Jurong Shipyard Limited) from January 1992 to May 1999. Since then, Mr Lua has remained as the Board’s Corporate Advisor.

On Mr Lua’s appointment, Mr Tan Kwi Kin, President & CEO of SembCorp Marine said “We are pleased to welcome Mr Lua back as our Chairman. A strong advocate and supporter of the company’s expansion plans, Mr Lua had been instrumental in pushing ahead with our investment to build the largest ULCC 500,000 dwt drydock which came into operations in 1996 thereby laying the groundwork for the company’s foray into offshore activities. Today, SembCorp Marine serves global customers by delivering a full spectrum of integrated ship repair, shipbuilding, ship conversion, rig building and offshore engineering solutions in 11 strategically located shipyards in Singapore, China and Brazil”

“He is also credited for his role in the successful acquisition of Sembawang Shipyard by Jurong Shipyard in 1997” added Mr Tan.

Mr Lua is a veteran in the shipping industry. He was the Chief Executive Officer of Neptune Orient Lines (NOL) for 20 years before retiring as NOL’s Chairman in 2002. He remains the Senior Advisor of NOL since his retirement.

Besides his appointment as the Senior Advisor to Neptune Orient Lines, Mr Lua is also an Advisor to Jurong Port Pte Ltd and Teledata (Singapore) Ltd.

A Director of SembCorp Industries Ltd, Mr Lua is also a Member of the Temasek Advisory Panel, Temasek Holdings (Private) Limited. He currently holds directorship in various companies including as Chairman of Jurong Technologies Industrial Corporation, Director at Sincere Watch Ltd and LCE Consulting Pte Ltd.

On the public front, Mr Lua serves as the Singapore Ambassador to the Republic of Panama (non-resident) and Finland (non-resident). He is a Council Member at the Singapore Chinese Chamber of Commerce & Industry.

For media & analysts enquiries, please contact:

Judy Han (Ms)
Senior Vice President
Investor Relations & Communications
Tel No : (65) 6262 7203
Fax No : (65) 6261 0738
Email : judy@sembcorpmarine.com.sg