Announcement
May 30, 2007

Updated : 30/05/2007

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

Proposed acquisition of all the assets and liabilities of Road Builder (M) Holdings Bhd ("RBH") for a total purchase consideration of RM1,564,641,207 to be satisfied entirely by the issuance of redeemable unsecured loan stocks of IJM having a total redemption value equivalent to the purchase consideration ("Proposed Acquisition")

Reference is made to the above and the Company's announcement dated 13 February 2007.

Aseambankers Malaysia Berhad on behalf of IJM, wishes to inform that the Economic Planning Unit ("EPU") vide its letter dated 29 May 2007 has no objection to the proposed disposal by RBH, a wholly-owned subsidiary of the Company, of its entire business and undertakings to IJM pursuant to the Proposed Acquisition, subject to the approval of the Securities Commission ("SC") (the approval of which was obtained vide the SC's letter dated 9 February 2007).

RBH is to inform the EPU once the Proposed Acquisition is completed.

This announcement is dated 30 May 2007.