Announcement
April 11, 2007

Updated : 11/04/2007

IJM CORPORATION BERHAD ("IJM" or "the Company")

Mandatory general offer by IJM for the remaining ordinary shares of RM1.00 each of RB Land Sdn Bhd held by Reco Homebuilder (M) Sdn Bhd at the offer price of RM2.06 per share ("MGO")
 

Further to the announcement dated 9 April 2007, Aseambankers Malaysia Berhad, on behalf of IJM, wishes to announce that the Securities Commission (“SC”), had vide its letter dated 10 April 2007, granted an extension of time of two (2) market days from the date of approval of the SC (under the Guidelines on the Acquisition of Interests, Mergers and Take-Overs by Local and Foreign Interests (“FIC Guidelines”)) to despatch the offer document to Reco Homebuilder (M) Sdn Bhd for the MGO.  The approval from the SC under the FIC Guidelines is still pending. 

RB Land Sdn Bhd is a 70% subsidiary of listed RB Land Holdings Berhad, which is a 69.96% listed subsidiary of Road Builder (M) Holdings Berhad, which in turn is a 94.95% subsidiary of IJM. 

This announcement is dated 11 April 2007.

 
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