Conditional take-over offer by IJM for all the ordinary shares of RM1.00 each of Road Builder (M) Holdings Bhd (“RBH”) (“RBH Shares”) at the offer price of RM3.00 per share to be satisfied by the issuance of up to 273,293,885 new ordinary shares of RM1.00 each of IJM (“IJM Shares”) on the basis of one (1) new IJM Share at the issue price of RM6.00 for every two (2) existing RBH Shares (“Offer Shares”) held (“Offer”)
 

We refer to the Offer Document that was despatched to the shareholders of RBH on 10 January 2007 and the announcement dated 2 February 2007 relating to the Offer becoming unconditional as to acceptances. 

Pursuant to Section 40 of the Malaysian Code on Take-Overs and Mergers, 1998, Aseambankers Malaysia Berhad (“Aseambankers”) on behalf of IJM had sought an extension of time from the Securities Commission (“SC”) to allow for the fulfilment of the remaining conditions to the Offer. 

Further thereto, the SC had, vide its letter dated 13 March 2007, given its approval for an extension of time up to 18 March 2007 to fulfil the remaining conditions to the Offer. Further extension of time from 18 March 2007 until 16 April 2007 could only be granted by the SC if the accepting shareholders of RBH are allowed to withdraw their acceptances to the Offer. IJM will consider and make its announcement in respect of the extension of time in due course.

This announcement is dated 14 March 2007.