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 on 12 March 2008 wherein it was announced that the High Court of Malaya, Shah Alam had on 12 March 2008 granted the order (“Order”) sanctioning the reduction of the Company’s Share Premium Account, AmInvestment Bank Berhad (a member of AmInvestment Bank Group) is pleased to announce that the Order has been lodged with the Companies Commission of Malaysia and the Proposed Set-Off has been completed on 19 March 2008.

This announcement is dated 19 March 2008.