Share Buy-Back Statement in relation to the Proposed Renewal of Share Buy-Back Authority and Circular to Shareholders in relation to the Proposed Renewal of General Mandate for Recurrent Related Party Transactions

The Company is pleased to announce the release of the Circular to Shareholders (ZIP format, 128 KB, PDF format, 146 KB) dated 25 July 2008 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 PLANTATIONS BERHAD (133399-A) will be held at Victorian Ballroom, Level 1, Holiday Villa Hotel & Suites Subang, 9 Jalan SS12/1, 47500 Subang Jaya, Selangor Darul Ehsan on Thursday, 21 August 2008, at 4.30 p.m. (or immediately upon the conclusion of the 23rd Annual General Meeting scheduled at 3.30 p.m. on the same day and at the same venue) for the purpose of considering and, if thought fit, passing the following ordinary resolutions:-

1. PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY

“THAT the Directors be and are hereby authorized to purchase the ordinary shares of the Company on the market of the Bursa Malaysia Securities Berhad at any time upon such terms and conditions as the Directors in their absolute discretion deem fit provided that:-

i)	the aggregate number of shares purchased (which are to be treated as treasury shares) does not exceed ten per cent (10%) of the issued capital of the Company; and
ii)	the funds allocated for the purchase of shares shall not exceed its retained profits and share premium account

AND THAT the Directors be and are hereby further authorized to deal with the treasury shares in their absolute discretion (which may be distributed as dividends, resold and/or cancelled)

AND THAT such authority shall continue to be in force until:-

a)	the conclusion of the next Annual General Meeting (“AGM”);
b)	the expiration of the period within which the next AGM is required by law to be held; or
c)	revoked or varied in a general meeting, whichever occurs first.

2. PROPOSED RENEWAL OF GENERAL MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS

“THAT the Directors be and are hereby authorised to enter into and to give effect to specified recurrent transactions of a revenue or trading nature with specified classes of Related Parties (as set out in Section 2(ii) of the Circular to Shareholders dated 25 July 2008), which are necessary for the day to day operations of the Company and its subsidiaries, in the ordinary course of business on terms not more favourable to the Related Parties than those generally available to the public

AND THAT such authority shall continue to be in force until:-

a)	the conclusion of the next Annual General Meeting (“AGM”);
b)	the expiration of the period within which the next AGM is required by law to be held; or
c)	revoked or varied in a general meeting, whichever occurs first.

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 or adjourned meeting. The Circular and Form of Proxy (PDF format, 48 KB) are available for access and download at http://www.ijm.com.

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