PROPOSED SET-OFF OF THE IMPAIRMENT TO THE COMPANY’S COST OF INVESTMENT IN ROAD BUILDER (M) HOLDINGS BHD OF UP TO RM922,254,582 FROM THE SHARE PREMIUM ACCOUNT OF THE COMPANY, PURSUANT TO SECTIONS 64 AND 60(2) OF THE COMPANIES ACT, 1965

The Company is pleased to announce the release of the Circular to Shareholders (ZIP format, 445 KB, PDF format, 485 KB) dated 29 October 2007 together with the notice and agenda for the forthcoming Extraordinary General Meeting as follows:

NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of IJM Corporation Berhad (the “Company”) will be held at Classics 2, Level 1, Holiday Villa Hotel & Suites Subang, 9 Jalan SS12/1, 47500 Subang Jaya, Selangor Darul Ehsan, Malaysia on Wednesday, 21 November 2007, at 10.00 a.m. for the purpose of considering and, if thought fit, passing with or without modifications, the following special resolution:-

“THAT approval be and is given for:-

i)	the share premium account of the Company, amounting to RM2,885,076,000 as of 30 June 2007, to be reduced by up to RM922,254,582 to RM1,962,821,418, by way of a cancellation of up to RM922,254,582 standing to the credit in the share premium account; and
ii)	the credit of up to RM922,254,582 arising from the said cancellation be applied as a set-off against the impairment, amounting to RM922,254,582 as of 30 June 2007, to the cost of investment of the Company in Road Builder (M) Holdings Bhd, as recognised in the income statement of the Company for the period 1 April 2007 to 30 June 2007 (“Proposed Set-Off”)

AND THAT the Directors of the Company be and are authorised to do any and all things to give effect to the reduction of share premium account and/or the Proposed Set-Off, with full power to assent to any condition, modification, variation and/or amendment that are deemed by them to be necessary, fit or expedient, or that may be required or imposed by any relevant authority or by the High Court of Malaya."

Note: APPOINTMENT OF PROXY

A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote in his stead and such a proxy need not be a member of the Company. In the case of a corporate member, the instrument appointing a proxy must be either under its common seal or under the hand of its officer or attorney duly authorized. The instrument appointing a proxy must be deposited at the Registered Office not less than forty-eight (48) hours before the time set for holding the meeting and/or adjourned meeting. The Circular and Form of Proxy (PDF format, 32 KB) are available for access and download at IJM website at http://www.ijm.com.