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 ("RBL") held by Reco Homebuilder (M) Sdn Bhd at the offer price of RM2.06 per share ("MGO")

Further to the announcements dated 9 April 2007 and 11 April 2007, Aseambankers Malaysia Berhad ("Aseambankers"), on behalf of IJM, is pleased to announce that the Securities Commission ("SC") under the Foreign Investment Committee's Guidelines on the Acquisition of Interests, Mergers and Take-Overs by Local and Foreign Interests, vide its letter dated 25 April 2007, stated that it has no objections to the MGO, subject to the following conditions:

(i)	Aseambankers/IJM is to inform the SC immediately upon completion of the proposed acquisition of the remaining shares in RBL pursuant to the MGO; and
(ii)	Aseambankers/IJM is to submit a list of acceptances by the category of shareholders together with RBL's new effective equity structures upon completion of the MGO, taking into account the acceptances and the existing Bumiputera equity before the proposed acquisition of the shares in RBL pursuant to the MGO, upon which further equity conditions may be imposed.

As such, the offer document for the MGO will be despatched on Monday, 30 April 2007, being two (2) market days from the date of the said approval.

This announcement is dated 25 April 2007.