Announcements

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

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.

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.

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.

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.