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

Proposed Renounceable Rights Issue of up to 100,944,400 Warrants and Proposed Issuance of up to 10,000,000 Warrants to the Eligible Management Staff of the Company and its subsidiaries at an Indicative Issue Price of RM0.05 per Warrant ("the Proposals")

We refer to the announcement dated 2 February 2005 wherein the Securities Commission (“SC”) and Foreign Investment Committee had, vide SC’s letter dated 27 January 2005, approved IJM’s Proposals, subject to amongst others, the Company increasing its Bumiputera equity by 2.49% of the enlarged issued and paid-up share capital within two (2) years from the date of the implementation of the Proposals, i.e. by 23 August 2007 (“Equity Condition”).

On 20 July 2007, Aseambankers, on behalf of IJM, submitted an application to the SC for an extension of time up to 23 February 2008 to comply with the Equity Condition.

Aseambankers, on behalf of IJM, is pleased to announce that the SC, vide its letter dated 3 August 2007 (which was received on 6 August 2007), has granted IJM an extension of time until 23 February 2008 to comply with the Equity Condition. 

This announcement is dated 6 August 2007.