Eng - IOI Group

APRIL 2003• The subscription rights of the Warrants 1995/2003 were expired.• Sakilan Desa Sdn Bhd (“SDSB”) disposed of its 3,000,000 ordinary shares of RM1.00 each in Minat Teguh Sdn Bhd(“MTSB”), representing 30% interest of the issued and paid-up share capital of MTSB to IJM Plantations Sdn Bhd, awholly-owned subsidiary of IJM Plantations Berhad for a consideration of RM13 million. The consideration wassatisfied with the issue of 13,684,211 ordinary shares of RM1.00 each in IJM Plantations Berhad to SDSB at RM0.95per share.AUGUST 2003• IOI Mall, Puchong was given a face-lift to give it a fresh new look by the attractive repainting work that injected amore lively and vibrant facade befitting its position as Puchong’s premier shopping and entertainment destination.• On 1 August 2003, the Renaissance Palm Garden Hotel was renamed as Palm Garden Hotel (“PGH”). PGH is nowmanaged directly by Resort Villa Golf Course Development Sdn Bhd, a subsidiary of IOI. The name change promises anew direction for the hotel in providing even more personalised and distinctive services enhanced by our signature ofwarm Malaysia hospitality.IOI Corporation BerhadAnnual Report 2003108