Further to the announcement dated 28 February 2017 pertaining to the revaluation of Property, Plant and Equipment, the Board of Directors (“the Board”) of IB wishes to inform that the said revaluation was conducted by Stocker Roberts & Gupta Sdn Bhd, a registered valuer on 30 December 2016 using the comparison method on the basis of open market value to ascertain the current fair value of the land and buildings of IB Group.

The recognition of revaluation surplus has resulted in an increase in net assets per share of the Group by approximately RM0.012 for the financial year ended 31 December 2016. (2015: RM0.012)

This announcement is dated 1 March 2017.