Eng - IOI Group

Notes To The Financial Statements cont’d32. RESERVES cont’d32.2 Treasury shares cont’dDuring the financial year, the Company bought back its issued ordinary shares of RM0.50 each from the open market asfollows:Purchase Price Per ShareCost Highest Lowest AverageNo. of Shares RM RM RM RM2007At beginning of financial year 9,299,700 108,188,116 12.54 9.03 11.63Purchases during the financial yearFebruary 2006 3,036,900 60,385,671 20.16 19.52 19.88March 2006 2,376,300 44,743,714 19.40 17.70 18.835,413,200 105,129,385 20.16 17.70 19.42Total prior to cancellation 14,712,900 213,317,501 20.16 9.03 14.50Cancellation (14,712,900) (213,317,501) 20.16 9.03 14.50At end of financial year - - - - -2006At beginning of financial year 1,758,700 15,869,462 8.68 9.03 9.02Purchases during the financial yearNovember 2005 3,029,700 36,856,129 12.54 11.94 12.16December 2006 3,157,000 38,705,561 12.34 12.24 12.26January 2006 1,354,300 16,756,964 12.44 12.34 12.377,541,000 92,318,654 12.54 11.94 12.24At end of financial year 9,299,700 108,188,116 12.54 9.03 11.63The transactions of Share Buy Back were financed by internally generated funds. The shares of the Company bought backprior to cancellation were held as treasury shares in accordance with the provision of Section 67A of the Companies Act,1965.IOI Corporation BerhadANNUAL REPORT 2007 198