Thursday 10 May 2018

Further to Sembcorp Marine’s announcement made on 26 December 2017 in relation to the sale by Sembcorp Marine’s wholly-owned subsidiary, Jurong Shipyard Pte Ltd (“JSPL”), of a semi-submersible rig, named West Rigel, to a buyer at a price of US$500 million, Sembcorp Marine Limited announced that the conditions precedent for the agreement to be effective have been fulfilled. JSPL has proceeded with delivery of title of the semi-submersible to the buyer but it will remain in the Company’s yard for certain works to be undertaken for reactivation.