MARC has extended IJM Corporation Berhad’s (“IJM”) RM300 million Commercial Papers/ Medium-Term Notes Programme (“CP/MTN”) MARCWatch Developing placed on 20 October 2006 in view of IJM’s announcement on 2 February 2007 that the closing date for the conditional take-over offer of Road Builder Holdings Bhd has been extended to 11 March 2007.  MARC is in the midst of reviewing the impact of the proposed acquisition on the group.

Any rating implications arising therefrom will be advised upon completion of the said review.