IJM CORPORATION Berhad (“IJM” or THE “Company”)

PROPOSED SET-OFF OF THE IMPAIRMENT TO THE COST OF INVESTMENT OF THE COMPANY IN ROAD BUILDER (M) HOLDINGS BERHAD (“RBH”) OF UP TO RM922,254,582 AGAINST AN EQUIVALENT REDUCTION OF THE SHARE PREMIUM ACCOUNT OF THE COMPANY, WHICH IS TO BE CANCELLED PURSUANT TO SECTIONS 64 AND 60(2) OF THE COMPANIES ACT, 1965 (“THE ACT”)

(HEREINAFTER REFERRED TO AS THE “PROPOSED SET-OFF”)

Further to the announcement made on 11 October 2007 (PDF format, 40 KB), on behalf of IJM, AmInvestment Bank Berhad (a member of AmInvestment Bank Group) is pleased to announce that the Company had on 12 March 2008 received the order from the High Court of Malaya, Shah Alam dated 12 March 2008, sanctioning the reduction of the Company’s Share Premium Account pursuant to sections 64 and 60(2) of the Act.

The effective date of the reduction of the Company’s Share Premium Account will be announced in due course.

This announcement is dated 12 March 2008.