HYFLUX LTD

Company Registration No.: 200002722Z

(Incorporated in the Republic of Singapore)

FINAL AWARD IN FAVOUR OF HYDROCHEM (S) PTE. LTD.

We refer to the announcement dated 11 September 2017 entitled “Interim Award in

favour of Hydrochem (S) Pte. Ltd.”

The arbitration was commenced by Hydrochem (S) Pte. Ltd. (“Hydrochem”), a

wholly owned subsidiary of Hyflux Ltd (“Hyflux”), against SEPCOIII Electric Power
Construction Corporation (“SEPCOIII”) in relation to disputes which arose out of an
engineering and procurement contract dated 28 August 2009 for the development,
design and manufacture of certain desalination units for a desalination facility in
Salalah, Oman.

On 31 August 2017, the Tribunal issued its Interim Award (on all issues save for
interest and costs) in the arbitration.

The Board of Directors of Hyflux wishes to announce that on 15 January 2018, the
Tribunal issued its Final Award (on interest and costs) in the arbitration.

In addition to the net sum of USD16,127,621.71 (the “Principal Sum”) that the
Tribunal has ordered SEPCOIII to pay Hydrochem under the Interim Award, the
Tribunal has ordered SEPCOIII to pay Hydrochem (a) the total sum of
USD2,741,944.40 by way of interest up to the date of the Final Award and thereafter
(ie. from 16 January 2018) at the daily rate of USD1,791.80 until payment of the
Principal Sum, and (b) the sum of SGD4,246,212.90 representing Hydrochem’s
reasonable costs of the arbitration and the sum of S$402.52 per day as interest on
such sum from 16 January 2018 until the date of payment thereof.

BY ORDER OF THE BOARD

Lim Poh Fong

Company Secretary
Submitted to SGX-ST on 16 January 2018
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