Zelan Berhad (“ZB”) wishes to announce that it has on 31 October 2011 entered into a facility agreement with OCBC Bank (Malaysia) Berhad (“OCBC Bank”) for a new Term Loan Facility of up to RM 308.0 million with Equity Collar arrangements (“Facility”) to be made available by OCBC Bank to ZB.

The salient terms of the Facility are as follows:-

1) Purpose

The Facility would be utilized by ZB to refinance its existing bank borrowings with OCBC Bank and other banks, and for general working capital requirements; whilst the Equity Collar will hedge the market risk of the Charged Shares (as defined below).

2) Tenure

Not exceeding three (3) years from the Drawdown Date.

3) Security

Legal charge over the shares of IJM Corporation Berhad (“Charged Shares”), amongst others.

4) Equity Collar

ZB shall enter into Equity Collar arrangements on the Charged Shares with OCBC Bank in order to hedge the market risk of the Charged Shares.

This announcement is dated 31 October 2011