General Announcement
Reference No IC-050303-4E070

Company Name	:	INDUSTRIAL CONCRETE PRODUCTS BERHAD
Stock Name	:	ICP
Date Announced	:	03/03/2005


Type	:	Announcement
Subject	:	Public Shareholding Spread Requirement pursuant to Paragraph 8.15(1) of the Listing Requirements

Contents :

Further to the announcement on 3 September 2004, the Company ("ICP") is pleased to announce that Bursa Malaysia Securities Berhad has, vide its letter dated 2 March 2005, granted the Company an extension of time of six (6) months to 12 August 2005 to address the shortfall of the Company's public shareholding spread ("Shortfall") pursuant to paragraph 8.15(1) of the Listing Requirements. As at todate, the public shareholding spread is 16.69%, which is a short fall of 8.31% to the public shareholding spread requirement of 25%.

The Board of Directors has been advised by IJM Corporation Berhad ("IJM"), the only substantial shareholder of ICP, the status of its plan in assisting the Company to address the Shortfall as follows:-

(i) IJM has disposed a total of 7.5 million ICP shares, representing 5.12% of the issued and paid-up share capital of the Company, to public investors via direct business transactions, which was announced on 7 January 2005; and

(ii) IJM is currently seeking potential buyers to place out approximately 12.2 million shares of the Company to public investors at an acceptable price by IJM. IJM expects the placement exercise to be completed by August 2005.

This announcement is also available for access at http://www.ijm.com/.