Announcement

IJM Subsidiaries & Associates
IJM Land Berhad (187405-T) (formerly RB Land Holdings Berhad)

Updated : 15/09/2008

Public Shareholding Spread pursuant to Paragraph 8.15 of the Listing Requirements

The Company wishes to announce that IJM Corporation Berhad (“IJM”) and Reco Homebuilder (M) Sdn Bhd now holds 76.5% and 7.3% equity interest in the Company respectively, following the allotment of 535,049,285 new ordinary shares on 12 September 2008 pursuant to the rights issue of shares with warrants exercise and the acquisition of 30% in RB Land Sdn Bhd.

The public shareholding spread of the Company is now 15.8%, which is below the 25% public shareholding spread as set out in Paragraph 8.15(1) of the Listing Requirements. The number of public shareholders holding not less than 100 shares is 7,592, which is in compliance with Paragraph 8.15(1) of the Listing Requirements.

The Company will apply to Bursa Malaysia Securities Berhad for the recognition of a percentage lower than 25% and for an extension of time to comply with its public shareholding spread requirement.