Response to SGX-ST Query

Singapore, 12 April 2021 - Sembcorp Marine Ltd (the 'Company') refers to the following query raised by the Singapore Exchange Securities Trading Limited (the 'SGX-ST') on 8 April 2021 in relation to the Company's annual report for the financial year ended 31 December 2020 (the 'Annual Report'):

SGX-ST Query
Listing Rule 1207(20) provides, inter alia, that where proceeds are used for general working capital purposes, the issuer must announce a breakdown with specific details on the use of proceeds for working capital.

We note that the Company has disclosed on page 9 of the Annual Report that '[of] the $0.60 billion net proceeds from the Rights Issue, approximately $0.10 billion has been used for working capital purposes as at the end of FY2020'.

Please provide a breakdown of the use of proceeds for working capital purposes.

The Company's Response
The breakdown of the use of S$0.10 billion proceeds from the Rights Issue that was used for working capital purposes is as follows:

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Sembcorp Marine Ltd. published this content on 12 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2021 08:44:01 UTC.