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Please refer to the attached file In compliance with the Rules and Guidelines of Disclosure, Sembcorp Salalah Power and Water Co SAOG (“the Company”) discloses the following: On 25 May 2018, Cyclone Mekunu storm made landfall near Salalah. The Company, with the help of its staff, took all necessary measures to minimize the impact of the Cyclone. Our preliminary assessment is that the total impact due to Cyclone is not expected to be material. However, the total impact of the Cyclone on plant operations cannot yet be precisely assessed at this point in time. The company is producing power and delivering to Dhofar grid. Our water production plant is temporarily shut down due to a severe worsening of sea conditions during the cyclone, conditions that still persist. target="_blank" rel="noopener"> Download

Please refer to the attached file The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 27 April 2018: The Board approved and authorised for issuance the Company’s Financial Statements and Management Report for the period ended 31 March 2018. target="_blank" rel="noopener"> Download

The management of the Company is pleased to disclose its initial, unapproved, unaudited results for the period ended 31 March 2018, as required by the CMA Circular E/2/2016.   The above reported numbers represent initial unaudited financial results and are subject to approval and confirmation by the Company’s Audit Committee and Board of Directors.

Please refer to the attached file <pAn Annual General Meeting (AGM) of the shareholders of Sembcorp Salalah Power and Water Company SAOG (the “Company”) was held on Thursday 8 March 2018 at 3:07 p.m. at the Hormuz Grand Hotel, Muscat, Sultanate of Oman. The following resolutions were passed in AGM: 1. The report of the Board of Directors of the Company for the year ended 31 December 2017 was approved. 2. The report on the evaluation of the performance of the Board of Directors for the financial year ended on 31 December 2017 was approved 3. The report on Corporate Governance for the financial year ended 31 December 2017 was approved. 4. The financial statements (Balance Sheet and Profit & Loss Account) of the Company for the financial year ended 31 December 2017 was approved. 5. A proposed cash dividend of 3.1% of the share capital (equivalent to 3.1 Baizas per share) to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 1 April 2018 was approved. 6. The shareholders authorised the Board of Directors of the Company to approve the payment of an interim dividend up to 10% (equivalent to 10 Baizas per share) of the issued share capital of the Company, from the audited accounts of the Company for the nine-month period ending September 30, 2018 to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as on 1 November 2018 7. The sitting fees for the Directors and the Sub-Committees of the Board for an amount of RO 20,500 for the financial year ended 31 December 2017 and the proposed sitting fee for the financial year 2018 was approved. 8. The Directors’ remuneration of RO 67,240 for the financial year ended 31 December 2017 was approved. 9. The transactions and contracts entered into by the Company with related parties, for the financial year ended 31 December 2017 were approved. 10. The proposed transactions and contracts to be entered into by the Company with related parties, for the financial year ending 31 December 2018 were approved. 11. The donation of RO 40,119 made to support community services during the financial year ended 31 December 2017 was approved. 12. A budget of RO 60,000 for the financial year 2018 towards charitable expenses was approved. 13. The appointment of KPMG as independent third party to evaluate the performance of the Company and their remuneration was approved 14. The appointment of PriceWaterhouseCoopers as the auditors of the Company for the financial year 2018 and their remuneration was approved. target="_blank" rel="noopener"> DownloadThe above reported numbers represent initial unaudited financial results and are subject to approval and confirmation by the Company’s Audit Committee and Board of Directors.

Please refer to the attached file The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is delighted to invite the shareholders of the Company to attend the annual general meeting (Meeting) to be held at 3.00 p.m. on Thursday 8 March 2018 at Hormuz Grand Hotel, Muscat, Sultanate of Oman, to discuss the following agenda: Agenda for the Annual General Meeting 1 To consider and approve the Report of the Board of Directors for the financial year ended 31 December 2017. 2 To approve the report on the evaluation of the performance of the Board of Directors for the financial year ended on 31 December 2017. 3 To consider and approve the Corporate Governance Report for the financial year ended 31 December 2017. 4 To consider the Auditor’s Report and approve the financial statements (Balance Sheet and Profit and Loss Account) for the financial year ended 31 December 2017. 5 To consider and approve the recommendation to distribute cash dividends at the rate of 3.1% of the capital (being 3.1 baisas per share) to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 1 April 2018. 6 To authorize the Board of Directors to approve the payment of an interim dividend of up to 10% of the issued share capital of the Company (being 10 baisas per share) (from the audited accounts of the Company for the nine-month period ending on 30 September 2018) to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 1 November 2018. 7 To consider and ratify the directors’ and committees’ sitting fees received in the previous financial year and determine the sitting fees for the next financial year. 8 To consider and approve directors’ remuneration amounting to RO 67,240 for the financial year ended on 31 December 2017. 9 To consider and ratify the related party transactions entered into during the financial year ended on 31 December 2017. 10 To consider and approve the related party transactions proposed to be entered into during the financial year ending on 31 December 2018. 11 To inform the meeting of the donations made to support community services during the financial year ended on 31 December 2017. 12 To consider and approve a proposal to spend the total sum of RO 60,000 to support community services during the financial year ending on 31 December 2018. 13 To appoint an independent entity to evaluate the performance of the directors for the financial year ending on 31 December 2018 and determine their fees. 14 To appoint the auditors of the Company for the financial year ending on 31 December 2018 and determine their fees. Pursuant to the Articles of Association of the Company, any shareholder has the right to appoint a proxy in writing to attend and vote on decisions taken on his behalf. The proxy should carry the authorised proxy card attached with the notice to attend the general meeting as issued by Muscat Clearing and Depository Company SAOC. If the shareholder is a natural person, he is required to attach with the proxy card a copy of ID for adults, passport for females and minors who do not have an ID card, and resident cards or passports for expatriates. If the shareholder is a juristic person, the proxy card shall be signed by an authorised signatory and sealed with the company’s seal and submitted together with a copy of the commercial registration certificate. All invitees are requested to attend the meetings at least half an hour before the meeting time. If you have any inquiries kindly contact Tariq Bashir on telephone number 93215022. target="_blank" rel="noopener"> DownloadThe above reported numbers represent initial unaudited financial results and are subject to approval and confirmation by the Company’s Audit Committee and Board of Directors.

Please refer to the attached file The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 13 February 2018: The Board approved and authorised for issuance the Company’s Financial Statements and annual report for the year 2017; The Board approved the Code of Corporate Governance report for the year 2017; The Board proposed the distribution of final cash dividend of Baizas 3.1 per share (3.1% of issued share capital), giving a total dividend for 2017 of Baizas 10.3 per share to the Shareholders who are registered in the Company Shareholders’ register with Muscat Clearance & Depository Company SAOC on 1 April 2018; The Board will seek Shareholders’ authorisation at the Annual General Meeting to approve the payment of an interim dividend not exceeding Baizas 10 per share (10% of the issued share capital of the Company) for the nine month period ending 30 September 2018, to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 1 November 2018. target="_blank" rel="noopener"> DownloadThe above reported numbers represent initial unaudited financial results and are subject to approval and confirmation by the Company’s Audit Committee and Board of Directors.

The management of the Company is pleased to disclose its initial, unapproved, unaudited results for the year ended 31 December 2017, as required by the CMA Circular E/2/2016. Note: Significant increase in income tax expense is due to one off deferred tax expense impact arising from change of tax law in Oman. The above reported numbers represent initial unaudited financial results and are subject to approval and confirmation by the Company’s Audit Committee and Board of Directors.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 25 October 2017: a) The Board approved and authorised for issuance the Company’s Financial Statements and Management Report for the period ended 30 September 2017; and b) The Board approved the distribution of an interim cash dividend for 2017 of 7.2% of the Capital (7.2 baizas per share), in accordance with the authorisation given by the Company’s shareholders at its AGM on 14 March 2017 to the Shareholders who are registered in the Company Shareholders’ register with Muscat Clearance & Depository Company SAOC on 1 November 2017.

The management of the Company is pleased to disclose its initial, unapproved, unaudited results for nine month period ended 30 September 2017, as required by the CMA Circular E/2/2016. Note: Significant increase in income tax expense is due to one off deferred tax expense impact arising from change of tax law in Oman.

In compliance with the Rules and Guidelines of Disclosure, Sembcorp Salalah Power and Water Co SAOG (“the Company”), discloses the following: On 20 August 2017, Gas Turbine #5 (GT5) tripped after generator protections acted. Since then the gas turbine has been opened for inspected by experts to assess the situation and its remediation. On 04 of September, the management of the Company met with the experts conducting the assessment and representatives of the turbine’s manufacturer. The preliminary conclusion is that this is a major breakdown of the GT5 unit. The Company is expecting negative revenue impact of approximately Omani Rials 1.1 million. This is a preliminary estimation, as the total repair costs and durations cannot yet be precisely assessed at this point in time. The Company has made the required notifications to insurance companies, and the damage claim process has been initiated. The Company has been and is taking all reasonable measures to mitigate the financial impact to the fullest extent possible. The Company projects that this unexpected technical failure may affect the dividend for the year ending 31 December 2017.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 27 July 2017: The Board approved and authorised for issuance the Company’s Financial Statements and Management Discussion and Analysis report for the period ended 30 June 2017.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 25 April 2017: The Board approved and authorised for issuance the Company’s Financial Statements and Management Discussion and Analysis report for the period ended 31 March 2017.

The management of the Company is pleased to disclose its initial, unapproved, unaudited results for three month period ended 31 March 2017, as required by the CMA Circular E/2/2016.   For three month period ended 31 March 2017 For three month period ended 31 March 2016 Percentage change RO  RO Revenue 18,321,451 17,723,207 3.38% Cost of sales (10,431,193) (9,664,895) 7.93% Gross profit 7,890,258 8,058,312 -2.09% Administrative and general expenses (143,814) (206,054) -30.21% Profit before interest and tax 7,746,444 7,852,258 -1.35% Finance income 55,001 22,628 143.07% Finance costs (3,987,942) (4,263,512) -6.46% Profit before tax 3,813,503 3,611,374 5.60% Income tax expense (note) (3,542,121) (434,532) 715.16% Profit after tax for the year 271,382 3,176,842 -91.46%   Note: Significant increase in income tax expense is due to one off deferred tax expense impact arising from change of tax law in Oman.

An Annual General Meeting (AGM) of the shareholders of Sembcorp Salalah Power and Water Company SAOG (the “Company”) was held on Tuesday 14 March 2017 at 3:06 p.m. at the Hormuz Grand Hotel, Muscat, Sultanate of Oman. The following resolutions were passed in AGM: The report of the Board of Directors of the Company for the year ended 31 December 2016 was approved. The report on Corporate Governance for the financial year ended 31 December 2016 was approved. The financial statements (Balance Sheet and Profit & Loss Account) of the Company for the financial year ended 31 December 2016 was approved. A proposed cash dividend of 3.6% of the share capital (equivalent to 3.6 Baizas per share) to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 2 April 2017 was approved. The shareholders authorised the Board of Directors of the Company to approve the payment of an interim dividend up to 10.4% (equivalent to 10.4 Baizas per share) of the issued share capital of the Company, from the audited accounts of the Company for the nine-month period ending September 30, 2017 to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as on 1 November 2017 The sitting fees for the Directors and the Sub-Committees of the Board for an amount of RO 25,750 for the financial year ended 31 December 2016 and the proposed sitting fee for the financial year 2017 was approved. The Directors’ remuneration of RO 91,000 for the financial year ended 31 December 2016 was approved. The transactions and contracts entered into by the Company with related parties, for the financial year ended 31 December 2016 were approved. The proposed transactions and contracts to be entered into by the Company with related parties, for the financial year ending 31 December 2017 were approved. The donation of RO 34,000 made to support community services during the financial year ended 31 December 2016 was approved. A budget of RO 42,000 for the financial year 2017 towards charitable expenses was approved. The criteria to appraise the board of directors’ performance was approved. The appointment of Moore Stephens as independent third party to evaluate the performance of the Company and their remuneration was approved The appointment of PriceWaterhouseCoopers as the auditors of the Company for the financial year 2017 and their remuneration was approved.

An Extraordinary General Meeting (EGM) of the shareholders of Sembcorp Salalah Power and Water Company SAOG (the “Company”) was held on Tuesday 14 March 2017 at 3:02 p.m. at the Hormuz Grand Hotel, Muscat, Sultanate of Oman. The following resolutions were passed in EGM: The amendment to Article 2 of the Articles of Association approved. The resolution shall result in change of registered office of the Company from Muscat to Salalah. Amended clauses of the Articles of Association are as follows: Article 2: The registered office of the Company shall be situated in Salalah, Sultanate of Oman. The Board of Directors may establish other branches, agencies or offices elsewhere within or outside the Sultanate of Oman.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is delighted to invite the shareholders of the Company to attend the annual general meeting and extraordinary general meeting to be held at 3.00 p.m. on Tuesday 14 March 2017 at Hormuz Grand Hotel, Muscat, Sultanate of Oman, to discuss the following agenda: First: Agenda for the Extraordinary General Meeting 1          To approve the amendment to Article 2 of the Articles of Association with respect to change of registered office of the Company. Second: Agenda for the Annual General Meeting 1          To consider and approve the Report of the Board of Directors for the financial year ended 31 December 2016. 2          To consider and approve the Corporate Governance Report for the financial year ended 31 December 2016. 3          To consider the Auditor’s Report and approve the financial statements (Balance Sheet and Profit and Loss Account) for the financial year ended 31 December 2016. 4          To consider and approve the recommendation to distribute cash dividends at the rate of 3.6% of the capital (being 3.6 baisas per share) to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 2 April 2017. 5          To authorize the Board of Directors to approve the payment of an interim dividend of up to 10.4% of the issued share capital of the Company (being 10.4 baisas per share) (from the audited accounts of the Company for the nine-month period ending on 30 September 2017) to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 1 November 2017. 6          To consider and ratify the directors’ and committees’ sitting fees received in the previous financial year and determine the sitting fees for the next financial year. 7          To consider and approve directors’ remuneration amounting to RO 91,000 for the financial year ended on 31 December 2016. 8          To consider and ratify the related party transactions entered into during the financial year ended on 31 December 2016. 9          To consider and approve the related party transactions proposed to be entered into during the financial year ending on 31 December 2017. 10        To inform the meeting of the donations made to support community services during the financial year ended on 31 December 2016. 11        To consider and approve a proposal to spend the total sum of RO 42,000 to support community services during the financial year ending on 31 December 2017. 12        To approve the criteria set out to appraise the board of directors’ performance. 13        To appoint an independent third party to evaluate the performance of the directors for the financial year ending on 31 December 2017 and determine their fees. 14        To appoint the auditors of the Company for the financial year ending on 31 December 2017 and determine their fees.   Pursuant to the Articles of Association of the Company, any shareholder has the right to appoint a proxy in writing to attend and vote on decisions taken on his behalf. The proxy should carry the authorised proxy card attached with the notice to attend the general meeting. If the shareholder is a natural person, he is required to attach with the proxy card a copy of ID for adults, passport for females and minors who do not have an ID card, and resident cards or passports for expatriates. If the shareholder is a juristic person, the proxy card shall be signed by an authorised signatory and sealed with the company’s seal and submitted together with a copy of the commercial registration certificate. All invitees are requested to attend the meetings at least half an hour before the meeting time. If you have any inquiries kindly contact Tariq Bashir on telephone number 93215022.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 20 February 2017: 1) The Board approved and authorised for issuance the Company’s Financial Statements and annual report for the year 2016; 2) The Board approved the Code of Corporate Governance report for the year 2016; 3) The Board proposed to distribute a final cash dividend of Baizas 3.6 per share (3.6% of issued share capital) to the Shareholders who are registered in the Company Shareholders’ register with Muscat Clearance & Depository Company SAOC on 2 April 2017. The Company has already paid an interim dividend of 10.3 Baizas per share in November 2016. This will give a total dividend of Baizas 13.9 per share for the full year 2016; 4) The Board will seek Shareholders’ authorisation at the Annual General Meeting to approve the payment of an interim dividend not exceeding Baizas 10.4 per share (10.4% of the issued share capital of the Company) for the nine month period ending 30 September 2017; and 5) Subject to Shareholders approval, the Board approved amendment to the Articles of Association associated with change of registered office.

The management of the Company is pleased to disclose its initial, unapproved, unaudited results for the year ended 31 December 2016, as required by the CMA Circular E/2/2016.   All figures in OMR millions For the year ended 31 December 2016 For the year ended 31 December 2015 Percentage change Total revenue 77.545 73.621 5.33% Total expenses* (62.916) (59.977) 4.90% Net profit after tax 14.629 13.644 7.22%

Subject to lenders approval, on 20 November 2016, the Board of Directors of Sembcorp Salalah Power & Water Company (“the Company”) has resolved to change the registered office from Muscat to Salalah in Articles of Association of the Company. The Company will seek Shareholders’ approval in an EGM to be held in conjunction with the AGM in March 2017.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 25 October 2016: a) The Board approved and authorised for issuance the Company’s Financial Statements and Management Report for the period ended 30 September 2016; b) The Board approved the distribution of an interim cash dividend for 2016 of 10.3% of the Capital (10.3 baizas per share), in accordance with the authorisation given by the Company’s shareholders at its AGM on 15 March 2016 to the Shareholders who are registered in the Company Shareholders’ register with Muscat Clearance & Depository Company SAOC on 1 November 2016; c) As part of the succession plans for senior executives, the Board has approved the transition plans for the current Chief Executive Officer (CEO) of the Company. An announcement regarding the successor CEO will be made in due course. The change of CEO will be effective from 1 January 2017.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 20 July 2016: The Board approved and authorised for issuance the Company’s Financial Statements and Management Discussion and Analysis report for the period ended 30 June 2016.

Further to our disclosure made on 26 October 2016, the Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to update the Capital Market Authority, the Muscat Securities Market and the investor community of our decision to appoint Mr Alex Miquel as the Chief Executive Officer and Disclosure Officer of the Company in replacement of Mr Lim Yeow Keong with effect from 1 January 2017. Mr. Miquel brings 30 years of international technical and management experience in water and power related industries. He began his career at ABB in 1985 working at the Corporate Research Center and the Environmental Technologies Sales Team in Switzerland, where he worked on the development of different membrane technologies for desalination and other applications and on a number of large scale water plant projects. Between 1990 and 1997 Mr. Miquel worked for the German Company OTTO KG, in different management positions related to water and sewage treatment projects. At OTTO Mr. Miquel also lead their expansion into Latin America, managing a number of large scale infrastructure projects in the water and sewage treatment sector. From 1997 to 2011 Mr. Miquel held a number of Senior Management positions at various global companies in Latin America. Mr. Miquel joined Sembcorp in 2011, where he has been in charge of business development for Latin America, playing a key role in a number of water and power projects. Mr. Miquel holds a Master of Science Degree in Chemical Engineering from the Swiss Federal Institute of Technology in Zürich, Switzerland.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 25 April 2016: The Board approved and authorised for issuance the Company’s Financial Statements and Management Discussion and Analysis report for the period ended 31 March 2016.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 15 March 2016: The Board appointed Mr. Tan Cheng Guan as Chairman; The Board appointed Mr. Kalat Ghuloom Al Bulooshi as Deputy Chairman; The Board appointed Mr. Tariq Bashir as Company Secretary and Mr. Lim Yeow Keong as Disclosure Officer of the Company; and The Board appointed following board members as members of the Audit committee and Nomination and Remuneration Committee. Committee Chairman Members Audit Committee Mr. Tariq Al Amri Mr. Quek Hong Liat and Mr. Ahmed Al Bulushi Nomination and Remuneration Committee Mr. Kalat Al-Bulooshi Mr. Ng Meng Poh and Hassan Al Nassay

An Annual General Meeting (AGM) of the shareholders of Sembcorp Salalah Power and Water Company SAOG (the “Company”) was held on Tuesday 15 March 2016 at 3.30 p.m. at the Hormuz Grand Hotel, Muscat, Sultanate of Oman. The following resolutions were passed in AGM: 1.  The report of the Board of Directors of the Company for the year ended 31 December 2015 was approved. 2. The reports on Corporate Governance for the financial year ended 31 December 2015 were approved. 3. The financial statements (Balance Sheet and Profit & Loss Account) of the Company for the financial year ended 31 December 2015 were    approved. 4.  A proposed cash dividend of 3.5% for the shareholders from the share capital of the Company (equivalent to 3.5 Baizas per share) to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 3 April 2016 was approved. 5. The shareholders authorised the Board of Directors of the Company to approve the payment of an interim dividend up to 10.3% (equivalent to 10.3 Baizas per share) of the issued share capital of the Company, from the audited accounts of the Company for the nine-month period ending on September 30, 2016 to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as on 1 November 2016 6. The sitting fees for the Directors and the Sub-Committees of the Board for an amount of RO 19,500 for the financial year ended 31 December 2015 and the proposed sitting fee for the financial year 2016 was approved. 7. The Directors’ remuneration of RO. 100,000 for the financial year ended 31 December 2015 was approved. 8. The transactions and contracts entered into by the Company with related parties, for the year financial year ended 31 December 2015 were  approved. 9. The proposed transactions and contracts to be entered into by the Company with related parties, for the year financial year ending 31 December 2016 were approved. 10. The donation of RO 41,160 made to support community services during the financial year ended on 31 December 2015 was approved. 11. A budget of RO. 42,000 for the financial year 2016 towards charitable expenses was approved. 12. The appointment of KPMG as the auditors of the Company at a fee of RO. 9,770 for the financial year 2016 was approved. 13. The Following 9 Members were elected as members of the Board of Directors     Mr. Tan Cheng Guan Mr. Ng Meng Poh Mr. Quek Hong Liat Mr. Hassan Ismail Salman Al Nassay Mr. Kalat Ghuloon Al Bulooshi Mr. Tariq Al Amri Mr. Abdul Amir Saied Mohammed Mr. Ahmed Ali Sulaiman Al Bulushi Mr. Khalid Ali Al Hamoodah

An Extraordinary General Meeting (EGM) of the shareholders of Sembcorp Salalah Power and Water Company SAOG (the “Company”) was held on Tuesday 15 March 2016 at 3:25 p.m. at the Hormuz Grand Hotel, Muscat, Sultanate of Oman. The following resolutions were passed in EGM: The amendment of the par value from RO 1 per share to Baizas 100 per share and consequent amendment to the Articles of Association approved. The resolution shall result in splitting the one share into ten shares for the registered shareholders of the Company on the date of the EGM. Amended clauses of the Articles of Association are as follows: Article 5: The Company’s authorised share capital is RO 100,000,000 (One Hundred Million Omani Rials), and the issued share capital is RO 95,457,195 (Ninety Five Million Four Hundred Fifty Seven Thousand And One Hundred Ninety Five Omani Rials), divided into 954,571,950 (nine hundred and fifty four million five hundred and seventy one thousand nine hundred and fifty) ordinary shares, each with a nominal value of 100 baisa (one hundred baisa). Article 18.1: The Company shall be managed by a Board of Directors consisting of nine (9) members who should be elected at an Ordinary General Meeting from amongst the Shareholders or non-Shareholders, provided that the candidate, if a Shareholder, shall hold at least 500,000 Shares in order to be eligible to stand for election to the Board of Directors. The term of office of the Board of Directors shall be for a maximum period of three years subject to re-election. The period stipulated for election to the Board shall be calculated from the date of the General Meeting in which the Director is elected to the date of the third Annual General Meeting following it. Where the date of such meeting exceeds the term of three years, the membership shall be extended by Law to the date on which the meeting was convened, save it shall not exceed the period stipulated in Article 120 of the Commercial Companies Law for convening an Annual General Meeting. Appendix Definitions – Shares: means shares of a nominal value of 100 baisa (one hundred baisa) each in the capital of the Company.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is delighted to invite the shareholders of the Company to attend the annual general meeting and extraordinary general meeting to be held at 3.00 p.m. on Tuesday 15 March 2016 at Hormuz Grand Hotel, Muscat to discuss the following agenda: First: Agenda for the Extraordinary General Meeting 1        To approve the amendment of the par value of each share from RO 1 to 100 baisa per share and to amend the Articles of Association accordingly. This resolution shall result in splitting one share into ten shares for the registered shareholders of the Company on the date of the Extraordinary General Meeting that approves this decision, and amending the issued share capital from 95,457,195 shares to 954,571,950 shares and the authorised share capital from 100,000,000 shares to 1,000,000,000 shares. Second: Agenda for the Annual General Meeting 1          To consider and approve the Report of the Board of Directors for the financial year ended 31 December 2015. 2          To consider and approve the Corporate Governance Report for the financial year ended 31 December 2015. 3          To consider the Auditor’s Report and approve the financial statements (Balance Sheet and Profit and Loss Account) for the financial year ended 31 December 2015. 4          To consider and approve the recommendation to distribute cash dividends at the rate of 3.5% of the capital (being 3.5 baisas per share) to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 3 April 2016. 5          To authorize the Board of Directors to approve the payment of an interim dividend of up to 10.3% of the issued share capital of the Company (being 10.3 baisas per share) (from the audited accounts of the Company for the nine-month period ending on 30 September 2016) to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 1 November 2016. 6          To consider and ratify the directors’ and committees’ sitting fees received in the previous financial year and determine the sitting fees for the next financial year. 7          To consider and approve directors’ remuneration amounting to RO 100,000 for the financial year ended on 31 December 2015. 8          To consider and ratify the related party transactions entered into during the financial year ended on 31 December 2015. 9          To consider and approve the related party transactions proposed to be entered into during the financial year ending on 31 December 2016. 10       To inform the meeting of the donations made to support community services during the financial year ended on 31 December 2015. 11       To consider and approve a proposal to spend the total sum of RO 42,000 to support community services during the financial year ending on 31 December 2016. 12       To appoint the auditors of the Company for the financial year ending on 31 December 2016 and determine their fees. 13       To elect a new Board of Directors for the Company composed of nine new members. Any person who wishes to nominate himself/herself to the Board of Directors should complete a nomination form available from the Company. The nomination form will be sent to any shareholder on request. The completed form should be delivered to the Company at least two working days prior to the Annual General Meeting (no later than Thursday 10 March 2016). The Company will not accept any applications received after this date. Pursuant to the Articles of Association of the Company, any shareholder has the right to appoint a proxy in writing to attend and vote on decisions taken on his behalf. The proxy should carry the authorised proxy card attached with the notice to attend the general meeting as issued by Muscat Clearing and Depository Company SAOC. If the shareholder is a natural person, he is required to attach with the proxy card a copy of ID for adults, passport for females and minors who do not have an ID card, and resident cards or passports for expatriates. If the shareholder is a juristic person, the proxy card shall be signed by an authorised signatory and sealed with the company’s seal and submitted together with a copy of the commercial registration certificate and authorised signatories form. All invitees are requested to attend the meetings at least half an hour before the meeting time. If you have any inquiries kindly contact Tariq Bashir on telephone number 93215022.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 15 February 2016: 1) The Board approved and authorised for issuance the Company’s Financial Statements and annual report; 2) The Board approved the Code of Corporate Governance report; 3) The Board proposed to distribute a final cash dividend of 3.5% of issued share capital to the Shareholders who are registered in the Company Shareholders’ register with Muscat Clearance & Depository Company SAOC on 3 April 2016. The Company has already paid an interim dividend of 9.2% in November 2015. This will give a total dividend of 12.7% of the issued share capital for the full year 2015; 4) The Board will seek Shareholders’ authorisation at the Annual General Meeting to approve the payment of an interim dividend not exceeding 10.3% of the issued share capital of the Company for the nine month period ending 30 September 2016; and 5) Subject to Shareholders approval, the Board approved amendment to the Articles of Association associated with share split.

SEMBCORP SALALAH POWER & WATER COMPANY SAOG   Statement of profit and loss and other comprehensive income for the year ended 31 December   Unaudited 2015 Audited 2014 RO RO Revenue 73,620,776 62,770,756 Cost of sales (39,704,971) (29,186,960) Gross profit 33,915,805 33,583,796 Administrative and general expenses (532,616) (1,059,824) Other income 1,583 1,683,569 Operating profit 33,384,772 34,207,541 Finance income 90,182 134,307 Finance costs (17,905,289) (19,776,946) Profit before tax 15,569,665 14,564,902 Income tax (1,872,440) (1,751,602) Profit after tax 13,697,225 12,813,300 Other comprehensive income (loss), net of income tax: Item that are or may be classified to profit or loss Effective portion of change  in fair value of cash flow hedge 2,032,336 (3,263,949) Total comprehensive income for the year 15,729,561 9,549,351 Earnings per share: Basic earnings per share 0.14 0.13   The above reported numbers represent initial unaudited financial results and are  subject to approval and confirmation by the Company’s Audit Committee and Board of Directors.

An Ordinary General Meeting of the shareholders of Sembcorp Salalah Power and Water Company SAOG (the “Company”) was held on Tuesday 24 November 2015 at Holiday Inn, Muscat, Sultanate of Oman. The following resolution was passed:   The Shareholders approved the distribution of interim cash dividend at the rate of 9.2% of the capital (92 baizas per share) to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 24 November 2015.

BDCC Investment Company (BDCC), a special purpose vehicle that is wholly-owned by an infrastructure fund currently managed by Arqaam Capital, has sold its equity interest in Sembcorp Salalah Power and Water Company (SSPWC) in a trade sale transaction to the Diwan of Royal Court Pension Fund, the state fund of the Sultanate of Oman. BDCC invested in SSPWC in late 2011, during its construction phase. This investment was part of the infrastructure fund’s strategy to create a balanced portfolio across brownfield and greenfield assets.This was meant to align the risk and return profiles with extant investment policy. Suhail Hajee, head of the infrastructure asset management division at Arqaam, commented on the exit: “We are pleased to have played an instrumental role alongside our fellow founding shareholders and the management team of SSPWC in shaping the success story of the company. SSPWC has been a great investment for us and we believe it will continue to be so in the future.” Power and water demands are expected to increase in the Middle East & North Africa (MENA), due to sustained economic growth, an expanding population and high levels of electricity and water being consumed domestically, relative to other regions. Dennis Wijsmuller, COO of Arqaam Capital, said, “With governments across the region increasingly encouraging an active role of the private sector in infrastructure investments, Arqaam is well positioned to continue playing a major role in this important asset class.” He added, “This milestone validates the infrastructure asset management team’s ability to achieve returns for our investors throughout the full investment cycle having sourced the investment in 2011, exited partially via an IPO in 2013 and completed a full trade sale in 2015.” In commercial operations since May 2012, it is the largest and most energy-efficient power and water plant in the Dhofar Governorate in Oman. With a net power capacity of a 489 MW and water capacity of 15 million imperial gallons daily, the facility currently supplies more than 70 per cent of the power dispatch and 100 per cent of the net installed desalinated water capacity of the Dhofar Governorate.

Sembcorp Salalah Power & Water Company SAOG: Announcement of Invitation to Attend an Ordinary General Meeting   It was published erroneously on the invitation notices, MSM website news and the newspapers (Times of Oman and Al Shabiba on 8th November 2015, Oman Daily and Oman Observer on 9th November 2015) that the Ordinary General Meeting (OGM) will be held at 3pm on Monday, 24 November 2015 at Holiday Inn, Muscat.   The correction is: The OGM will be held at 3pm on Tuesday, 24 November 2015 at Holiday Inn, Muscat.   We apologize for any inconvenience caused.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (Company) is delighted to invite the shareholders of the Company to attend an ordinary general meeting to be held at 3 p.m. on Monday 24 November 2015 at Holiday Inn, Muscat to discuss the following agenda: 1.  To consider and approve the distribution of cash dividends at the rate of 9.2% of the capital (92 baizas per share) to shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 24 November 2015. Pursuant to the Articles of Association of the Company, any shareholder has the right to appoint a proxy in writing to attend and vote on decisions taken on his behalf. The proxy should carry the authorised proxy card attached with the notice to attend the general meeting as issued by Muscat Clearing and Depository Company SAOC. If the shareholder is a natural person, he is required to attach with the proxy card a copy of ID for adults, passport for females and minors who do not have an ID card, and resident cards or passports for expatriates. If the shareholder is a juristic person, the proxy card shall be signed by an authorised signatory and sealed with the company’s seal and submitted together with a copy of the commercial registration certificate and authorised signatories form. All invitees are requested to attend the meeting at least half an hour before the meeting time. If you have any inquiries kindly contact Tariq Bashir on telephone number 93215022.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 27 October 2015: a) The Board approved and authorised for issuance the Company’s Financial Statements and Management Report for the period ended 30 September 2015. b) The Board proposed to distribute interim cash dividend of 92 baizas per share to the Shareholders who are registered in the Company Shareholders’ register with Muscat Clearance & Depository Company SAOC on 24 November 2015

Subject to lenders approval the Board has resolved on 22 October 2015 to change the nominal value of the share from RO 1 to Baizas 100 per share which results in a share split of 1 share into 10 shares. The Company will seek Shareholders’ approval in an EGM to be held in conjunction with the AGM in March 2016.

The management of the Company is pleased to disclose its initial, unapproved, unaudited results for the period ended 30 September 2015, as required by the CMA Circular E/5/2014. All figures in OMR millions 9 month period ended 30 September 2015 9 month period ended 30 September 2014 Percentage change Total revenue 55.033 47.631 15.54% Total expenses* -44.418 -37.123 19.65% Net profit after tax 10.615 10.508 1.02% *Total expenses include income tax and is net of finance and other income.

With reference to the Times of Oman article today on Sembcorp Salalah refinancing, we would like to clarify that in line with our Annual Report 2014 Sembcorp Salalah is exploring refinancing of our senior loans under the prevailing market conditions. However, it is pre-mature to conclude the viability and the details of this refinancing at this stage.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolution made at the meeting of the Board of Directors (the “Board”) held on 28 July 2015:   a) The Board approved and authorised for issuance the Company’s Financial Statements and Management Report for the period ended 30 June 2015

The management of the Company is pleased to disclose its initial, unapproved, unaudited results for the period ended 30 June 2015, as required by the CMA Circular E/5/2014. All figures in OMR millions 6 month period ended 30 June 2015 6 month period ended 30 June 2014 Percentage change Total revenue 36.896 32.138 14.80% Total expenses* (29.581) (24.269) 21.89% Net profit after tax 7.315 7.869 -7.04% *Total expenses include income tax and is net of finance and other income.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 27 April 2015:   a) The Board approved and authorised for issuance the Company’s Financial Statements and Management Report for the period ended 31 March 2015

The management of the Company is pleased to disclose its initial, unapproved, unaudited results for the period ended 31 March 2015, as required by the CMA Circular E/5/2014. All figures in OMR millions 3 months period ended   31 March 2015 3 months period ended   31 March 2014 Percentage change Total revenue 16.813 14.889 12.92% Total expenses* (14.092) (12.371) 13.91% Net profit after tax 2.721 2.518 16.90% *Total expenses include income tax and is net of finance and other income.

An annual general meeting of the shareholders of Sembcorp Salalah Power and Water Company SAOG (the “Company”) was held on Monday 23 March 2015 at the Hormuz Grand Hotel, Muscat, Sultanate of Oman. The following resolutions were passed: 1. The report of the Board of Directors of the Company for the year ended 31 December 2014 was approved. 2. The reports on Corporate Governance for the financial year ended 31 December 2014 were approved. 3. The financial statements (Balance Sheet and Profit & Loss Account) of the Company for the financial year ended 31 December, 2014 were                  approved. 4. A proposed cash dividend of 4.2% for the shareholders from the share capital of the Company (equivalent to 42 Baizas per share) to                             shareholders listed in the shareholders’ register maintained by the Muscat Clearing and Depository Company SAOC as at 1 April 2015 was               approved. 5. The sitting fees for the Directors and the Sub-Committees of the Board for an amount of RO 21,250 for the financial year ended 31 December  2014 and the proposed sitting fee for the financial year 2015 was approved. 6. The Directors’ remuneration of RO 84,800 for the financial year ended 31 December 2014 was approved. 7. The transactions and contracts entered into by the Company with related parties, for the year financial year ended 31 December 2014 were  approved. 8. The proposed transactions and contracts to be entered into by the Company with related parties, for the year financial year ending 31 December  2015 were approved. 9. The donation of RO 32,000 made to support community services during the financial year ended on 31 December 2014 was approved. 10. A budget of RO. 42,000 for the financial year 2015 to support community services was approved. 11. The appointment of KPMG as the auditors of the Company at a fee of RO. 9,770 for the financial year 2015 was approved.

The Board of Directors of Sembcorp Salalah Power   & Water Company SAOG (“the Company”) is delighted to invite the   shareholders of the Company to attend the annual ordinary general meeting to   be held at 3.00 p.m. on Monday 23 March 2015 at Hormuz Grand Hotel, Muscat to   discuss the following agenda: 1 To   consider and approve the Report of the Board of Directors for the financial   year ended 31 December 2014. 2 To   consider and approve the Corporate Governance Report for the financial year   ended 31 December 2014. 3 To   consider the Auditor’s Report and approve the financial statements (Balance   Sheet and Profit and Loss Account) for the financial year ended   31 December 2014. 4 To   consider and approve the recommendation to distribute cash dividends at the   rate of 4.2% of the capital (42 baizas per share) to shareholders listed in   the shareholders’ register maintained by the Muscat Clearing and Depository   Company SAOC as at 1 April 2015. 5 To   consider and ratify the directors’ and committees’ sitting fees for the previous   financial year and determine the sitting fees for the next financial year. 6 To consider   and approve directors’ remuneration amounting to RO 84,800 for the financial   year ended on 31 December 2014. 7 To   consider and ratify the related party transactions entered into during the   financial year ended on 31 December 2014. 8 To   consider and approve the related party transactions proposed to be entered   into during the financial year ending on 31 December 2015. 9 To   inform the meeting of the donations made to support community services during   the financial year ended on 31 December 2014. 10 To   consider and approve a proposal to spend the total sum of RO 42,000 to support   community services during the financial year ending on 31 December 2015. 11 To   appoint the auditors of the Company for the financial year ending on   31 December 2015 and determine their fees. Pursuant to the Articles of Association of the   Company, any shareholder has the right to appoint a proxy in writing to   attend and vote on decisions taken on his behalf. The proxy should carry the   authorised proxy card attached with the notice to attend the general meeting   as issued by Muscat Clearing and Depository Company SAOC. If the shareholder   is a natural person, he is required to attach with the proxy card a copy of   ID for adults, passport for females and minors who do not have an ID card,   and resident cards or passports for expatriates. If the shareholder is a   juristic person, the proxy card shall be signed by an authorised signatory   and sealed with the company’s seal and submitted together with a copy of the   commercial registration certificate and authorised signatories form. All invitees are requested to attend the meetings   at least half an hour before the meeting time. If   you have any inquiries kindly contact Tariq Bashir on telephone number 93215022.

Records of the Investors Trust Fund indicate that there are amounts of RO 16,863.002 which have not been claimed from the Company by shareholders. We request the shareholders to check with the Muscat Clearing and Depository Company SAOC to enquire whether any amounts are owed to them.

The Board of Directors of Sembcorp Salalah Power & Water Company SAOG (“the Company”) is pleased to advise the Capital Market Authority, the Muscat Securities Market and the investor community of the following material resolutions made at the meeting of the Board of Directors (the “Board”) held on 16 February 2015:   a) The Board approved and authorised for issuance the Company’s Financial Statements and annual report for the year 2014; b) The Board approved Code of Corporate Governance report for the year 2014; c) The Board proposed to distribute a final cash dividend of 42 baizas per share to the Shareholders who are registered in the Company Shareholders’ register with Muscat Clearance & Depository Company SAOC on 1 April 2015. The Company has already paid an interim dividend of RO 92 baizas per share in November 2014. This will give a total dividend of 134 Baizas per share for the full year 2014.

SEMBCORP SALALAH POWER & WATER COMPANY SAOG Statement of unaudited profit and loss and other comprehensive income for the year ended 31 December   Unaudited 2014 Audited 2013  RO RO Revenue   62,770,756 62,711,862   Cost of sales   (29,186,960) (29,074,676) Gross profit   33,583,796 33,637,186   Administrative and   general expenses   (1,059,824) (1,073,617) Other income 1,683,569 6,184,900 Operating profit   34,207,541 38,748,469   Finance income   134,307 54,117 Finance costs   (19,776,946) (23,977,012) Profit before tax   14,564,902 14,825,574   Income tax   (1,751,602) (3,689,533) Profit after tax   12,813,300 11,136,041   Other comprehensive   (loss) income, net of income tax:   Item that are or may   be classified to profit or loss   Effective portion of   change  in fair value of cash flow   hedge   (3,263,949) 18,702,625 Total comprehensive   (loss) income for the year   9,549,351 29,838,666 Earnings per share: Basic earnings per   share 0.13 0.12

The Board resolved to appoint Mr Tariq Bashir (the Acting Financial Controller) as the Company Secretary of the Company and Mr Lim Yeow Keong (the CEO of the Company) as the Disclosure Officer of the Company with immediate effect.

Invitation to AGM (CMA)

SSPW – MSM disclosure (05 11 13) – OGM

Press Release on OGM Salalah

Financial Statements (30 June 2013) <

Muscat, 23 October 2013 – Invitation to an Ordinary General Meeting of Sembcorp Salalah Power & Water Company SAOG. The Board of Directors of Sembcorp Salalah Power & Water Company SAOG are pleased to invite the shareholders of the company to attend an Ordinary General Meeting of the Company (OGM) to be held at 3.00 PM on 3rd November 2013 at the Capital Market Authority.   Download PDF

Invitation to an OGM – 3rd Nov 2013

OMR 53 million raised in Oman’s largest IPO of 2013 Muscat, 26 September 2013 – Sembcorp Salalah Power & Water Company SAOG (under transformation) (Sembcorp Salalah or the Company), a leading power and water company based in the Dhofar Governorate of Oman, today announced the successful closure of its initial public offering of 35% of the total share capital, or 33,410,019 existing ordinary shares, at a price of OMR 1.590 per share. The issue was opened for subscription on 28 August 2013 and closed on 26 September 2013. The offering, which raised OMR 53 million, making it the largest in Oman this year as well as one of the largest in the region, was comfortably oversubscribed and attracted strong levels of demand from both retail and institutional investors across the Sultanate, the GCC and Europe. This implies an opening market capitalisation of OMR 152 million. Trading of the company’s shares is set to commence on the Muscat Securities Market on or around 10 October 2013. HSBC Bank Oman SAOG acted as Issue Manager for the offering. HSBC Bank Middle East Limited acted as Sole Global Coordinator and Bookrunner. Commenting on the offer close, Mr Lim Yeow Keong, Chief Executive Officer of Sembcorp Salalah, said, “We are delighted by the response we have received from such a wide range of investors in Oman and across the region. The overwhelming support and warm welcome we have received reflects the confidence in Sembcorp Salalah’s stable business model and recognises this unique opportunity to invest in an established operator with strong government support and strong predictability of cash flows.” “We are thrilled to welcome our new investors to the Sembcorp Salalah shareholder register and we look forward to delivering on our commitment to meet the Dhofar region’s growing and long-term power and water demand.”   Download PDF

Muscat, 18 September 2013 – Sembcorp Salalah Power & Water Company (“Sembcorp Salalah” or “the Company”), a leading power and water company based in the Dhofar Governorate of Oman, has begun the countdown to the completion of its Initial Public Offering (IPO), which launched on 28 August. The IPO, which has seen strong interest from investors across the Sultanate and the broader Gulf region, closes for subscription on 26 September 2013. The IPO of 33,410,019 existing ordinary shares represents 35% of the issued share capital of Sembcorp Salalah. The shares will be priced at OMR 1.590 per share, inferring a total offer size of OMR 53 million and a market capitalisation on listing of OMR 152 million. The offering is expected to be the biggest in Oman this year. It is proposed that the shares will be admitted to trading on the Muscat Securities Market on or around 10 October 2013. HSBC Bank Middle East Limited is the Sole Global Coordinator and Bookrunner. HSBC Bank Oman SAOG is the Issue Manager. Retail investors with an interest in participating in the IPO are encouraged to complete and submit their applications in any of the Collecting Banks which include Bank Muscat, Oman Arab Bank, National Bank of Oman and Bank Dhofar. Commenting on the IPO, Mr Lim Yeow Keong, Chief Executive Officer of Sembcorp Salalah, said, “With only one week to go until our share offer closes, investors in Oman have a limited period in which to participate in our IPO. We are very excited by the widespread positive investor sentiment and significant interest in the Sembcorp Salalah offer that we have seen over the past three weeks. During this time we have presented investors across Oman and the broader Gulf region with a fantastic opportunity to invest in an established operator with strong predictability of cash flows that will result in stable recurring income, a highly attractive dividend yield and opportunities for growth.” “As we enter the final week of the subscription period, we are still seeing a strong level of demand for the offer, and I look forward to a successful completion on the 26 September.” About the IPO • The offer period commenced on 28 August 2013 and will end on 26 September 2013 at the end of the working hours of the Collecting Banks. It is proposed that the shares will be admitted to trading on the Muscat Securities Market on or around 10 October 2013. • The offer is open to Omani and non-Omani individual investors, juristic persons and institutions through two categories. • The minimum subscription for Category I investors is 100 shares and in multiples of 100 shares thereafter. For Category II investors, the minimum subscription is 50,100 shares and in multiples of 100 shares thereafter. • The maximum subscription for Category I investors is 50,000 shares. For Category II investors, the maximum subscription is 10% of the size of the share offer, which equates to 3,341,000 shares. • Shares are allocated on a proportionate basis and must be 100% pre-funded at the Collecting Banks at the time of subscription. • The IPO Prospectus, Articles of Association and Application Forms are available from the following Collecting Banks throughout the offer period: Bank Muscat, Oman Arab Bank, National Bank of Oman and Bank Dhofar. There is also an IPO section on the Sembcorp Salalah website www.ttct.net/sembcorp-demo-1/ipo, which contains further information. About Sembcorp Salalah: • Sembcorp Salalah developed, owns and operates an electricity generation and seawater desalination plant, the Salalah Independent Water and Power Plant, located between Taqah and Mirbat in Oman. The plant is located approximately 50 kilometres from Salalah, the administrative town in the Dhofar Governorate. • The plant has been in full commercial operation since 25 May 2012 and has a contracted power capacity of 445 megawatts (MW) and a contracted water capacity of 15 million imperial gallons per day (MiGD). It consists of a gas-fired combined cycle power plant and a reverse osmosis seawater desalination plant. • As of the date of this announcement, Sembcorp Salalah supplies approximately 72% of the power dispatch and 100% of the net installed water capacity of the Dhofar Governorate. • The Company has invested approximately US$1 billion to develop, finance, build, own and operate the plant. It generates its revenues in accordance with a 15-year power and water purchase agreement (PWPA) with the Oman Power and Water Procurement Company (OPWP), which is indirectly wholly-owned by the Omani government. • As the largest and most energy-efficient power and water plant in the Dhofar Governorate, the Salalah Independent Water and Power Plant is expected to play a major role in meeting the growing power and water demand of the region into the foreseeable future and beyond. • Sembcorp Salalah is currently 60% owned by Sembcorp Utilities, a wholly-owned subsidiary of Singapore-based Sembcorp Industries, 35% owned by Oman Investment Corporation (OIC) and 5% owned by BDCC Investment Company, which is managed by Instrata. Business Highlights: Strong predictability of stable cash flows: • Sembcorp Salalah has strong predictability of cash flows that are not affected by the amount of power and water actually required by OPWP as the Company is paid on an availability basis, based on the power and water that is made available. • Under the PWPA, Sembcorp Salalah is entitled to receive capacity charges from OPWP for 100% of the available power and water capacity of the plant, which comprise approximately 90% of the total revenue of Sembcorp Salalah. These capacity charges are payable by OPWP regardless of whether the actual output of the plant is dispatched by OPWP. Well-established contractual framework: • Sembcorp Salalah’s project represents one of 12 independent power and/or water production projects to be implemented by the government through OPWP on a “build, own and operate” basis and benefits from a well-established contractual framework. Strong government support and stable revenues due to the strategic importance of both the industry and project: • The power and water sectors are of high strategic importance to the Dhofar…

Muscat, 15 September 2013 – Sembcorp Salalah Power & Water Company (“Sembcorp Salalah” or “the Company”), a leading power and water company based in the Dhofar Governorate of Oman, has attracted significant investor interest across the Gulf region during the company’s roadshow meetings with some of the most influential investors in the region. The IPO roadshow, which started on 28th August, has seen senior management meeting top investors across Oman, Qatar, the UAE and the Kingdom of Saudi Arabia, reflecting the strong level of investor interest in the Company, and in Oman from across the region. The IPO of 33,410,019 existing ordinary shares, which was launched on 28 August, represents 35% of the issued share capital of Sembcorp Salalah. The shares will be priced at OMR 1.590 per share, inferring a total offer size of OMR 53 million and a market capitalisation on listing of OMR 152 million. The IPO offer period ends on 26 September 2013 and the shares are expected to be admitted to trading on the Muscat Securities Market on or around 10 October 2013. The offering is expected to be the biggest in Oman this year. Commenting on the favourable reaction by investors, Mr Lim Yeow Keong, Chief Executive Officer of Sembcorp Salalah, said, “The IPO marks a milestone in Sembcorp Salalah’s history and we are very pleased by the positive reception and the significant level of investor interest we have seen so far. We are seeing interest from individual and institutional investors who share our view that the offer represents a good opportunity for investors to benefit from the stable revenues, strong Omani government support, and attractive future dividend yield of Sembcorp Salalah. “The roadshow is providing a great experience to meet face-to-face with potential investors in Sembcorp Salalah across the region and we look forward to becoming a publicly listed company and broadening our existing shareholder base.” Download PDF

An established operator backed by government support, strong predictability of cash flows and experienced Project Sponsors Subscription is now open for Oman’s biggest IPO so far in 2013   Muscat, 28 August 2013 – Sembcorp Salalah Power & Water Company SAOG (under transformation) (Sembcorp Salalah or the Company), a leading power and water company based in the Dhofar Governorate of Oman, today launched its Initial Public Offering (IPO) of 33,410,019 existing ordinary shares, representing 35% of the issued share capital of Sembcorp Salalah. Shares are priced at OMR 1.590 per ordinary share. The IPO is now open for subscription until 26 September 2013. The IPO is expected to raise around OMR 53 million, which would make it the biggest share offer in Oman so far in 2013. The existing shareholders, Sembcorp Utilities, Oman Investment Company (OIC) and BDCC Investment Company, are required to undertake this IPO and make 35% of the Company’s shares available to the public as the IPO is a condition under the Project Founders’ Agreement. Highlights: • IPO of 35% of the issued share capital of Sembcorp Salalah • Offer runs from 28 August 2013 to 26 September 2013 • Offer open to individual investors, juristic persons and institutions within Oman, and to non-Omani investors outside of US, Canada, Australia, South Africa, Republic of Ireland and Japan • Shares priced at OMR 1.590 per share • Offer size of OMR 53 million • Market capitalisation on listing of OMR 152 million • First day of trading expected to be around 10 October 2013 • Further information available from the Issue Manager, HSBC Bank Oman SAOG; the following Collecting Banks: Bank Muscat, Oman Arab Bank, National Bank of Oman and Bank Dhofar; as well as at a dedicated IPO website: www.ttct.net/sembcorp-demo-1/ipo Commenting on the launch, Mr Lim Yeow Keong, Chief Executive Officer of Sembcorp Salalah, said, “We are pleased to offer the public the unique opportunity to invest in Sembcorp Salalah. With an established operation backed by strong government support, our Company allows our shareholders to benefit from a stable business model and strong predictability of cash flows, as well as future growth opportunities. It’s a very exciting time for us as we look forward to welcoming new shareholders into the Company.” Mr Tang Kin Fei, Group President & CEO of Sembcorp Industries and Chairman of Sembcorp Salalah, said, “We are delighted to launch the next stage in Sembcorp Salalah’s development now that we have successfully delivered this plant, which is expected to play a major role in meeting the region’s growing power and water demand for many years to come. Sembcorp Salalah is a world-class operator that benefits from the proven track record of Sembcorp as an established developer, owner and operator of large-scale power and water projects worldwide, and the regional knowledge and experience of OIC. As a long-term shareholder of the Company, we look forward to welcoming new shareholders on board with us.” Mr Kalat Al-Bulooshi, CEO of OIC and Deputy Chairman of Sembcorp Salalah, commented, “Sembcorp Salalah makes a valuable contribution to Oman through the provision of power and water to the people of Dhofar. This IPO is a great opportunity for Omanis to own a part of the Company, and to be an integral part of the future of both Sembcorp Salalah and the development of Dhofar.” About the IPO • The offer period will commence on 28 August 2013 and end on 26 September 2013 at the end of the working hours of the Collecting Banks. It is proposed that the shares will be admitted to trading on the Muscat Securities Market on or around 10 October 2013. • The offer is open to Omani and non-Omani individual investors, juristic persons and institutions through two categories. • The minimum subscription for Category I investors is 100 shares and in multiples of 100 shares thereafter. For Category II investors, the minimum subscription is 50,100 shares and in multiples of 100 shares thereafter. • The maximum subscription for Category I investors is 50,000 shares. For Category II investors, the maximum subscription is 10% of the size of the share offer, which equates to 3,341,000 shares. • Shares are allocated on a proportionate basis and must be 100% pre-funded at the Collecting Banks at the time of subscription. • The IPO Prospectus, Articles of Association and Application Forms will be available from the following Collecting Banks throughout the offer period: Bank Muscat, Oman Arab Bank, National Bank of Oman and Bank Dhofar. There is also an IPO section on the Sembcorp Salalah website www.ttct.net/sembcorp-demo-1/ipo, which contains information about the Company and the IPO as well as downloadable copies of the IPO Prospectus and the summary Offer Pamphlet. About Sembcorp Salalah: • Sembcorp Salalah developed, owns and operates an electricity generation and seawater desalination plant, the Salalah Independent Water and Power Plant, located between Taqah and Mirbat in Oman. The plant is located approximately 50 kilometres from Salalah, the administrative town in the Dhofar Governorate. • The plant has been in full commercial operation since 25 May 2012 and has a contracted power capacity of 445 megawatts (MW) and a contracted water capacity of 15 million imperial gallons per day (MiGD). It consists of a gas-fired combined cycle power plant and a reverse osmosis seawater desalination plant. • As of the date of this announcement, Sembcorp Salalah supplies approximately 72% of the power dispatch and 100% of the net installed water capacity of the Dhofar Governorate. • The Company has invested approximately US$1 billion to develop, finance, build, own and operate the plant. It generates its revenues in accordance with a 15-year power and water purchase agreement (PWPA) with the Oman Power and Water Procurement Company (OPWP), which is indirectly wholly-owned by the Omani government. • As the largest and most energy-efficient power and water plant in the Dhofar Governorate, the Salalah Independent Water and Power Plant is expected to play a major role in meeting the growing power and water demand of the region into the foreseeable…

Muscat, 21 August 2013 – Sembcorp Salalah Power & Water Company SAOG (under transformation) (Sembcorp Salalah or the Company), a leading power and water company based in the Dhofar Governorate of Oman, today announces its intention to launch an Initial Public Offering (IPO) of 33,410,019 existing ordinary shares, representing 35% of the issued share capital of Sembcorp Salalah. The shares will be priced at OMR 1.590 per share, inferring a total offer size of OMR 53 million and a market capitalisation on listing of OMR 152 million. Highlights: • IPO of 35% of the issued share capital of Sembcorp Salalah • Sembcorp Salalah is undertaking the IPO to comply with the obligations stipulated in the Project Founders’ Agreement • HSBC Bank Middle East Limited is the Sole Global Coordinator and Bookrunner. HSBC Bank Oman SAOG is the Issue Manager • Offer runs from 28 August 2013 to 26 September 2013 • Offer open to individual investors, juristic persons and institutions within Oman, and to non-Omani investors outside of US, Canada, Australia, South Africa, Republic of Ireland and Japan • Shares priced at OMR 1.590 per share • Offer size of OMR 53 million • Market capitalisation on listing of OMR 152 million • First day of trading expected to be around 10 October 2013 • Further information available from the Issue Manager, HSBC Bank Oman SAOG; the following Collecting Banks: Bank Muscat, Oman Arab Bank, National Bank of Oman and Bank Dhofar; as well as at a dedicated IPO website: www.ttct.net/sembcorp-demo-1/ipo Commenting on the IPO, Mr Lim Yeow Keong, Chief Executive Officer of Sembcorp Salalah, said, “We are very excited to be soon providing the public with the opportunity to invest in our Company. It’s a unique proposition that provides potential investors with access to an established operator with strong government support and stable revenues, operating within a well-established contractual framework. Our plant is fully operational with minimal operational risk and is run by a highly experienced team. As the largest and most energy-efficient power and water plant in the Dhofar Governorate, our plant will play a major role in meeting the region’s growing and long-term power and water demand, which presents opportunities for future growth.” About Sembcorp Salalah: • Sembcorp Salalah developed, owns and operates an electricity generation and seawater desalination plant, the Salalah Independent Water and Power Plant, located between Taqah and Mirbat in Oman. The plant is located approximately 50 kilometres from Salalah, the administrative town in the Dhofar Governorate. • The plant has been in full commercial operation since 25 May 2012 and has a contracted power capacity of 445 megawatts (MW) and a contracted water capacity of 15 million imperial gallons per day (MiGD). It consists of a gas-fired combined cycle power plant and a reverse osmosis seawater desalination plant. • As of the date of this announcement, Sembcorp Salalah supplies approximately 72% of the power dispatch and 100% of the net installed water capacity of the Dhofar Governorate. • The Company has invested approximately US$1 billion to develop, finance, build, own and operate the plant. It generates its revenues in accordance with a 15-year power and water purchase agreement (PWPA) with the Oman Power and Water Procurement Company (OPWP), which is indirectly wholly-owned by the Omani government. • As the largest and most energy-efficient power and water plant in the Dhofar Governorate, the Salalah Independent Water and Power Plant is expected to play a major role in meeting the growing power and water demand of the region into the foreseeable future and beyond. • Sembcorp Salalah is currently 60% owned by Sembcorp Utilities, a wholly-owned subsidiary of Singapore-based Sembcorp Industries, 35% owned by OIC and 5% owned by BDCC Investment Company. Business Highlights: Strong predictability of stable cash flows: • Sembcorp Salalah has strong predictability of cash flows that are not affected by the amount of power and water actually required by OPWP as the Company is paid on an availability basis, based on the power and water that is made available. • Under the PWPA, Sembcorp Salalah is entitled to receive capacity charges from OPWP for 100% of the available power and water capacity of the plant, which comprise approximately 90% of the total revenue of Sembcorp Salalah. These capacity charges are payable by OPWP regardless of whether the actual output of the plant is dispatched by OPWP. Well-established contractual framework: • Sembcorp Salalah’s project represents one of 12 independent power and/or water production projects to be implemented by the government through OPWP on a “build, own and operate” basis and benefits from a well-established contractual framework. Strong government support and stable revenues due to the strategic importance of both the industry and project: • The power and water sectors are of high strategic importance to the Dhofar Governorate and Oman as a whole. As of July 2013, the plant’s capacity constitutes approximately 72% of the power dispatch and 100% of the net installed water capacity of the Dhofar Governorate. • Given the projected growth in electricity and water demand, the plant is expected to remain critical to the continued supply of power and water in the Dhofar Governorate in the long term. Fully operational project with minimal operating risk: • The plant is completed and has been in full commercial operation for over 14 months. In addition, Sembcorp Salalah benefits from minimal operating risk as its operator, Sembcorp Salalah O&M Services Company (Sembcorp Salalah O&M), is a joint venture indirectly owned by the Project Sponsors, Sembcorp Utilities and OIC, creating an alignment of interests which ensures that the plant is operated efficiently. • Sembcorp Salalah O&M is managed locally and benefits from the procedures and expertise of Sembcorp Utilities, which is well established in the region and has a demonstrated track record of running similar plants, with facilities of over 5,900 MW of power capacity and over 1,500 MiGD of water in operation and under development globally. Excess capacity and outage allowance to ensure an extended plant lifespan: • Management believes that the…

Sembcorp Salalah Power & Water Company, the owners and operators of Salalah Independent Water and Power Plant (Salalah IWPP) today confirmed the launch of its internship programme for local students. Currently seven engineering students from Salalah College of Technology are working at Salalah IWPP as part of the programme which lasts eight weeks. The students, from the College’s Electrical and Mechanical courses, undertake an intense and in depth programme working full time during the internship. The first four weeks of the programme focuses on equipping students with a thorough understanding of the plant’s health, safety and environmental practices, as well as introducing them to specific features of the workplace environment. All will be required to show an understanding of the mechanism of operating equipment and apparatus and finally to acquire a broader knowledge of the plant’s processes, inputs and outputs as well as quality issues. The second four weeks includes exposure to the operational parameters of the plant, further interaction with people throughout the business, and getting acquainted with the functionalities of all services and departments of Salalah IWPP. Lim Yeow Keong, General Manager of Sembcorp Salalah Power & Water Company said, “These young people represent the future of Oman and we are proud to host them at the Salalah IWPP. I along with all of my colleagues have been incredibly impressed with their initiative, work ethic and interest in the programme and I have no doubt that each of our interns will go on to long and successful careers. At Sembcorp, we believe that we must recognise our role in society, beyond our operating objectives. The Salalah IWPP provides water and power to a region, and I also believe we can contribute even more through vital initiatives such as our internship programme.” Salim Dhofar Ahmed Al-Rawas – Head of Engineering Dept at Salalah College of Technology added, “Programmes such as the internship at the Salalah IWPP work by building self-confidence and converting academic knowledge to tangible industry skills. We thank Sembcorp Salalah for its support of our students”. The Salalah IWPP was successfully completed in May 2012 and consists of a gas-fired power plant with a total gross capacity of 490 megawatts (net capacity of 445 megawatts) and a seawater desalination plant with a total water production capacity of 15 million imperial gallons (69,000 cubic metres) per day. It will provide power and water under a 15-year power and water purchase agreement with the Oman Power and Water Procurement Company, which is wholly owned by the Government of Oman. The Salalah IWPP is Sembcorp’s first facility in Oman. Besides the Salalah IWPP, Sembcorp also owns, operates and maintains the Fujairah 1 Independent Water and Power Plant – one of the world’s largest operating hybrid desalination plants – in the UAE since 2006.

Sembcorp Salalah Power & Water Company (Sembcorp Salalah) welcomed several local dignitaries in celebration of World Environment Day. Guest of honour was Sheikh Salim bin Faraj Al Huzaily, Director General of Ministry of Environment and Climate Affairs, Salalah. Also in attendance at the event was Mr. Abdullah bin Ahmed Alawi Al Haddad, the Dy. Wali of Mirbat. While Leonilo Barre Caraos, Plant Manager proposed the welcome address and briefed the audience on the Sembcorp Salalah environmental management initiatives, Ms. Hasina Mohammed Al Amri, stressed the World Environment Day theme 2013, THINK EAT SAVE. Lim Yeow Keong, General Manager of Salalah Independent Water and Power Plant (Salalah IWPP) said, “Sembcorp Salalah began its presence in Oman with a strong culture and values. In line with our Corporate Policies, the Company has undertaken this project with the deepest respect to the environment in mind. As a Vital Partner, we are fully committed to promote and maintain the highest standards of Health, Safety and Environment in all our activities to minimize our impact and safeguard environment. The celebration of this year’s World Environment Day is one of the many collaborations in the pipeline with the Ministry of Environment and Climate Affairs to promote environmentally friendly practices. We wholeheartedly embrace the theme of this year’s event: ‘Think Eat Save’ and believe that we all can contribute to this vital initiative by thinking before we make our food choices.” The Salalah IWPP was successfully completed in May 2012 and consists of a gas-fired power plant with a total gross capacity of 490 megawatts (net capacity of 445 megawatts) and a seawater desalination plant with a total water production capacity of 15 million imperial gallons (69,000 cubic metres) per day. It will provide power and water under a 15-year power and water purchase agreement with the Oman Power and Water Procurement Company, which is wholly owned by the Government of Oman. Sheikh Salim bin Faraj Al Huzaily, Director General of Ministry of Environment and Climate Affairs, Salalah said, “The Ministry of Environment and Climate Affairs has drawn many programs and policies to combat the misuse of natural resources and increase awareness among corporations and local citizens. Steps are being taken to preserve the eco-system through the establishment of environmental norms and best practices whilst at the same time protecting the heritage and traditional culture for conservation and sustainable utilization of natural resources. I am equally delighted to see the continued effort of Sembcorp Salalah not only managing the environmental issues as a responsible Corporate Citizen but also in creating further awareness amongst its employees and the community at large through forums like this. Promoting the concept of World Environment Day will go a long way in creating a sense of environmental responsibility, which is so essential in our everyday life today.” Commemorating the occasion of World Environment Day, a sapling was planted by DG MECA, Dy. Wali, Mirbat and Lim Yeow Keong, GM Sembcorp Salalah as a symbol of joint effort in conservation of environment. A vote of thanks was proposed at the closing of the ceremony by Sembcorp IWPP’s Rakesh Kumar Jha, Chemistry and HSE Manager. The Salalah IWPP is Sembcorp’s first facility in Oman. Besides the Salalah IWPP, Sembcorp also owns, operates and maintains the Fujairah 1 Independent Water and Power Plant – one of the world’s largest operating hybrid desalination plants – in the UAE since 2006.

Sembcorp Salalah Power & Water Company (Sembcorp Salalah) celebrated the official opening of its US$1 billion Salalah Independent Water and Power Plant (Salalah IWPP) in Oman. The ceremony was graced by His Excellencies Sayyid Mohammed bin Sultan bin Hamoud Al Busaidy, Oman’s Minister of State and Governor of Dhofar, and K Shanmugam, Singapore’s Minister for Foreign Affairs and Minister for Law, as the Guests of Honour. They were joined by government officials from Oman and Singapore, senior management representatives from Sembcorp Industries, the Oman Investment Corporation and Instrata Capital. The Salalah IWPP was successfully completed and commenced full commercial operation in May 2012. The facility consists of a gas-fired power plant with a total gross capacity of 490 megawatts (net capacity of 445 megawatts) and a seawater desalination plant with a total water production capacity of 15 million imperial gallons (69,000 cubic metres) per day. It will provide power and water under a 15-year power and water purchase agreement with the Oman Power and Water Procurement Company, which is wholly owned by the Government of Oman. Tang Kin Fei, Chairman of Sembcorp Salalah, said, “We at Sembcorp Salalah are very pleased to celebrate this momentous occasion. The successful completion of the Salalah IWPP is a significant milestone for the company. “As the largest and most energy-efficient power and water plant in Dhofar, the Salalah IWPP will play a major role in meeting the region’s growing power and water demand. We look forward to serving the essential power and water needs of the region for many more years to come.”

Sembcorp Salalah Power & Water Company (Sembcorp Salalah) has successfully completed the acceptance tests for its US$1 billion Salalah Independent Water and Power Plant (Salalah IWPP) in Oman. The facility will provide power and water under a 15-year power and water purchase agreement with the Oman Power and Water Procurement Company, which is wholly-owned by the Government of Oman. The Salalah IWPP consists of a gas-fired power facility with a total gross capacity of 490 megawatts and a seawater desalination facility with a total water production capacity of 15 million imperial gallons (69,000 cubic metres) per day. As the largest and most energy-efficient power and water plant in Dhofar in southern Oman, the Salalah IWPP is expected to play a major role in meeting the growing power and water demand of this region. The first phase of the project was completed in July 2011, within a tight timeline of 19 months from the signing of the power and water purchase agreement. The second phase was subsequently completed in the first quarter of 2012. With the completion of this third and final phase, the plant will commence full commercial operation. Tang Kin Fei, Chairman of Sembcorp Salalah, said, “The successful completion of the Salalah IWPP will be a significant milestone for Sembcorp Salalah. This facility will enable us to provide essential power and water to meet the growing demand in Dhofar. Together with the Omani government, we will play our part in helping to address the region’s pressing power and water needs.” Sembcorp Salalah is a joint venture between Sembcorp Industries’ wholly-owned subsidiary Sembcorp Utilities, the Oman Investment Corporation and Bahrain-based Instrata Capital.

Sembcorp Salalah Power & Water Company (Sembcorp Salalah), a joint venture company between Sembcorp Industries’ fully-owned subsidiary Sembcorp Utilities and the Oman Investment Corporation, has successfully completed the first phase of its US$1.0 billion Salalah Independent Water and Power Plant (IWPP) in Oman. With the completion of the first phase, the facility began dispatching 61 megawatts of power, on schedule, to the Dhofar power grid in Southern Oman. Targeted to begin full commercial operations in the first half of 2012, the Salalah IWPP will consist of a gas-fired power facility which will have a total net capacity of 445 megawatts and a seawater desalination facility which will employ reverse osmosis technology to produce 15 million imperial gallons (69,000 cubic metres) per day of water. Mr Tang Kin Fei, Chairman of Sembcorp Salalah, said, “We have met the tight schedule of 19 months from the signing of the Power and Water Purchase Agreement to complete the first phase of the Salalah IWPP on time. This is especially vital as the completion is timely to meet the surge in power demand in Dhofar, which coincides with the summer months every year. Besides playing a significant role in providing power during the demand peak, the facility also enables Dhofar to obtain cheaper power during the summer period. We are confident to complete the entire project ahead of schedule.”

Sembcorp Salalah Power & Water Company (Sembcorp Salalah), a joint venture formed between Sembcorp Industries’ fully-owned subsidiary Sembcorp Utilities and the Oman Investment Corporation, has executed a 15-year contract to supply power and water to the Oman Power and Water Procurement Company, which is wholly-owned by the Government of Oman. The company will be investing approximately US$1 billion to develop, build, own and operate the Salalah Independent Water and Power Plant (Salalah IWPP) in Oman. Sembcorp Salalah is 60% owned by Sembcorp Utilities and 40% owned by the Oman Investment Corporation, whose shareholders are the Gulf Investment Corporation, the National Investment Funds Company, State General Reserve Fund of the Sultanate of Oman and BankMuscat. Targeted to begin full commercial operations in the first half of 2012, the Salalah IWPP will consist of a gas-fired power plant which will have a net capacity of 445 megawatts and a seawater desalination plant which will employ reverse osmosis technology to produce 15 million imperial gallons (69,000 cubic metres) per day of water. Set to be the largest and most energy-efficient power and water plant in the Governorate of Dhofar in Southern Oman, the entire electricity and water output from the facility will be sold under the 15-year power and water purchase agreement. The new facility will increase the power capacity in the Dhofar region from 256 megawatts to 746 megawatts. Given the power and water demand growth in the region, the plant is expected to continue providing power and water beyond this initial term of 15 years. In addition, the facility will be operated and maintained by a joint venture company, Sembcorp Salalah O&M Company, which is 70% owned by Sembcorp Utilities, under a long-term operation and maintenance (O&M) contract for the entire term of the power and water purchase agreement. The remaining 30% of the O&M company is owned by the Oman Investment Corporation. SEPCO III Electric Power Construction Corporation of China is the engineering, procurement and construction contractor under a fixed-price, date-certain turnkey contract and Hydrochem (S), a wholly-owned subsidiary of Hyflux, is the sub-contractor for the seawater desalination plant. Financial information The project cost of approximately US$1 billion will be 75% funded through 17-year non-recourse project finance loans, and 25% by shareholder loans. The non-recourse project finance loans will be provided by Standard Chartered Bank (also the Financial Advisor), Bank of China, China Development Bank, BankMuscat, KfW-IPEX Bank and Sumitomo Mitsui Banking Corporation as Mandated Lead Arrangers, and National Bank of Oman and Bank Sohar as Arrangers. The loans will be in US dollars, except for those from BankMuscat, National Bank of Oman and Bank Sohar, which will be in Omani Rials.