17 Feb 2005

Statement from Sembcorp Marine

It is with deep sorrow that we announce the demise of Mr Wong Kok Siew, our Chairman who passed away peacefully on February 16, 2005.

Mr Wong has been a director since May 1998 and has served as Chairman of SembCorp Marine since June 1999. During his tenure, he had been most supportive and instrumental in steering SembCorp Marine.s growth and expansion overseas through the Group.s hub strategy. We are indeed indebted to him for his leadership and efforts. Mr Wong will always be remembered for his invaluable contributions.

Our Board of Directors, Management and all staff mourn his sudden loss. Our sympathies and prayers are with his family.

Tan Kwi Kin
President & CEO

On behalf of the Board, Management and Staff of SembCorp Marine