IJM : wins major hospital and LHDN building contracts

Petaling Jaya, 18 October2022 - Leading builder, IJM Construction Sdn Bhd ("IJM Construction"), a wholly owned subsidiary of IJM Corporation Berhad ("IJM") has secured two contracts in Selangor - a RM831 million design-and-build turnkey construction contract for a new 312-bedded government hospital in Kapar and another contract worth RM150.8 million for the construction of a Lembaga Hasil Dalam Negeri Malaysia (LHDNM) office tower in Shah Alam.

IJM Construction received a Letter of Award from Ministry of Works for the first contract early this week.

Construction work for the hospital with specialist medical facilities is scheduled to commence in November 2022 and is expected to be completed within 48 months by November 2026. The project is a 60:40 joint venture between IJM Construction Sdn Bhd and Ganda Imbuhan Sdn Bhd.

"We are proud to have been selected to build Hospital Kapar," said Mr. Liew Hau Seng, Group CEO & Managing Director, IJM. "IJM has been delivering important infrastructure in communities across the country for close to four decades, including a sizeable portfolio of healthcare related facilities."

IJM Construction's scope of works under the contract includes earthworks and ground treatment works, piling and foundation works, interior design for the main areas in the hospital, mechanical and electrical services inclusive of related medical equipment, information and technology works, external and infrastructure works, environmental and protection enhancement works, maintenance works and construction of 120 units of staff quarters.

The development of Hospital Kapar and its specialist medical services aim to reduce the congestion of other government hospitals in the Klang and Shah Alam areas. Hospital Kapar will serve as a dedicated center with its infectious disease facility for the surrounding Klang community.

"This award clearly demonstrates IJM's strength within the healthcare sector, reflecting our outstanding track record in this area. We are committed to leveraging our experience in building and infrastructure projects and contributing to the future of healthcare in Kapar and the surrounding Klang community," Mr Liew added.

IJM Construction also received a Letter of Award from the Lembaga Hasil Dalam Negeri Malaysia (LHDNM) early this week. Construction work of the 18-storey building is scheduled to commence on 1 November 2022 and is expected to be completed within 36 months by 31 October 2025.

Following the project win, the outstanding order book of IJM's Construction Division remains healthy at RM4.6 billion, comprising a good mix of private and public sector as well as building construction and civil engineering projects that provide near-term earnings visibility.

IJM Construction has been building hospitals and healthcare related projects, both on turnkey and conventional contracting basis, for 40 years. IJM's work in the sector includes major general hospitals, integrated and specialist healthcare centres, complex renovations and additions, and facility upgrades.

Among IJM's key healthcare construction projects include National Cancer Institute, Putrajaya, PERKESO Rehabilitation Centre, Putrajaya Hospital, Institute Jantung Negara (IJN) Kuala Lumpur, Teluk Intan District Hospital and Gleneagles Hospital, Singapore.

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Photo and caption:

Hospital Kapar will serve as a dedicated center withitsinfectious disease facility for the surrounding Klang community.

About IJM Corporation Berhad

IJM Corporation Berhad ("IJM"), formed in 1983, is today one of Malaysia's leading construction groups and is listed on Bursa Malaysia. Its business activities encompass construction, property development, manufacturing and quarrying and infrastructure concessions.

Headquartered in Selangor, its operations are located in seven countries, with primary focus in Malaysia, and India. The Group presently has a market capitalisation of around RM5.5 billion and as of March 2022, the Group employed around 3,000 employees and had total assets of RM21.0 billion.

The Group's belief in a shared destiny with its employees remains pivotal to its growing success while its reputation for professionalism, performance and good governance is acknowledged by customers and investors alike from its numerous corporate and industry accolades. IJM is committed to ethical business conduct and subscribes to the principles of good corporate citizenship for sustainable growth and development.

For more information, visitwww.ijm.com

For media enquiries, please contact:

Ms. Mandy Chen, Corporate Communications, atmandychen@ijm.comor + 60 12 607 6121

Mr. Shane Guha Thakurta, Investor Relations, atshanethakurta@ijm.comor + 60 3 7985 8041