General Announcement
Reference No MM-050506-65534

Submitting Merchant Bank	:	COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD
Company Name	:	INDUSTRIAL CONCRETE PRODUCTS BERHAD
Stock Name	:	ICP
Date Announced	:	06/05/2005


Type	:	Announcement
Subject	:	INDUSTRIAL CONCRETE PRODUCTS BERHAD ("ICP")

Contents :

(I) PROPOSED BONUS ISSUE OF 29,298,742 NEW ORDINARY SHARES OF RM1.00 EACH IN ICP ("SHARES"), TO BE CREDITED AS FULLY PAID-UP, ON THE BASIS OF ONE (1) NEW SHARE FOR EVERY FIVE (5) EXISTING SHARES HELD AS AT AN ENTITLEMENT DATE TO BE DETERMINED LATER;

(II) PROPOSED SHARE SPLIT OF EACH OF THE EXISTING SHARES INTO TWO (2) ORDINARY SHARES OF RM0.50 EACH ("PROPOSED SHARE SPLIT");

(III) PROPOSED ADOPTION OF NEW BYE-LAWS TO GOVERN THE EMPLOYEE SHARE OPTION SCHEME OF ICP ("ESOS");

(IV) PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF ICP; AND

(V) PROPOSED GRANT OF OPTIONS TO DATO' RAHMAT BIN JAMARI, DATO' GOH CHYE KEAT, DATO' CHEW KONG SENG @ CHEW KONG HUAT, AZIZ BIN BAHAMAN AND KHOR KIEM TEOH UNDER THE ESOS

We refer to the announcement dated 25 February 2005.

On behalf of ICP, Commerce International Merchant Bankers Berhad ("CIMB") is pleased to announce that the Securities Commission ("SC") has on 4 May 2005 approved the Proposed Share Split.

The SC's approval is subject to the following conditions:

(i) CIMB or ICP is required to obtain the approvals of the other relevant authorities prior to the implementation of the Proposed Share Split; and

(ii) ICP is to fully comply with the relevant requirements as stipulated in the Policies and Guidelines on Issue/Offer of Securities regarding the implementation of the Proposed Share Split.

In respect of item (i) above, ICP has obtained the approval of Bursa Malaysia Securities Berhad on 8 April 2005 for the Proposed Share Split and hence, ICP has fulfilled the condition stated in item (i) above.

This announcement is dated 6 May 2005.