IJM Corporation Berhad (“IJM” or "Company”)

PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 134,931,940 WARRANTS IN IJM (“IJM WARRANTS”) ON THE BASIS OF ONE (1) IJM WARRANT FOR EVERY TEN (10) EXISTING ORDINARY SHARES OF RM1.00 EACH (“SHARES”) HELD AFTER THE PROPOSED BONUS ISSUE INVOLVING UP TO 385,519,830 NEW SHARES IN IJM ON THE BASIS OF TWO (2) NEW SHARES FOR EVERY FIVE (5) EXISTING SHARES HELD (“PROPOSED RIGHTS ISSUE OF WARRANTS”)
 

Further to the announcement dated 9 July 2009, RHB Investment Bank Berhad, on behalf of the Board of Directors of IJM, wish to announce that the Company has today submitted an application to the Bank Negara Malaysia (Controller of Foreign Exchange) (“Controller”) to obtain the prior permission of the Controller for the issuance of IJM Warrants and any such number of additional IJM Warrants (pursuant to adjustments to be made from time to time in accordance with the provisions of the deed poll constituting the IJM Warrants to be executed by the Company) to non-resident shareholders pursuant to the Proposed Rights Issue Of Warrants as well as consequential warrants 2005/2010 to be issued to non-resident holders in accordance with the provisions of the deed poll dated 22 June 2005 as a result of the proposed bonus issue as announced by IJM on 26 May 2009 and the Proposed Rights Issue Of Warrants.