Aseambankers Malaysia Berhad, on behalf of IJM wishes to announce that it had, on 5 April 2007 made an application to seek an extension of time from the Securities Commission's ("SC") pursuant to the Malaysian Code on Take-Overs and Mergers 1998, to despatch the offer document for the Mandatory Offer to the shareholder of RBL after the  approval of the SC under the Foreign Investment Committee's Guidelines on the Acquisition of Interests, Mergers and Take-Overs by Local and Foreign Interests is obtained.  This application is currently pending SC's consideration.

This announcement is dated 9 April 2007.