Interested Related PartiesDirectIndirectNo. of Shares % No. of Shares %Tony Tan @ Choon Keat - - 493,612,678* 34.14Da<strong>to</strong>’ Tan Ch<strong>in</strong> Nam 15,712,429 1.09 517,132,691* 35.77Daniel Yong Chen-I 20,000 0.00 - -Elizabeth Tan Hui N<strong>in</strong>g - - - -Goldis Berhad 368,404,224 25.48 27,715,575* 1.92Tan Ch<strong>in</strong> Nam Sdn. Bhd 51,016,945 3.53 466,115,746* 32.24Tan Kim Yeow Sdn Bhd 30,855,682 2.13 462,756,996* 32.01Wah Seong (Malaya) Trad<strong>in</strong>g Co Sdn Bhd 42,835,359 2.96 418,101,387* 28.92An<strong>to</strong>ny Patrick Barragry - - - -Note: * Deemed <strong>in</strong>terest pursuant <strong>to</strong> Section 6A of the Act.The Interested Direc<strong>to</strong>rs namely Robert Tan Chung Meng, Tan Boon Seng, Tan Lei Cheng, Tan BoonLee, Paul<strong>in</strong>e Tan Suat M<strong>in</strong>g and Tony Tan @ Choon Keat have absta<strong>in</strong>ed and will cont<strong>in</strong>ue <strong>to</strong> absta<strong>in</strong>from Board deliberations perta<strong>in</strong><strong>in</strong>g <strong>to</strong> the Proposed Shareholders’ Mandate.The Interested Related Parties will absta<strong>in</strong> from vot<strong>in</strong>g <strong>in</strong> respect of their direct and <strong>in</strong>directsharehold<strong>in</strong>gs <strong>in</strong> the Company on the resolution perta<strong>in</strong><strong>in</strong>g <strong>to</strong> the Proposed Shareholders’ Mandate at theforthcom<strong>in</strong>g 42 nd AGM.Further, the Interested Related Parties have undertaken <strong>to</strong> ensure that their Persons Connected willabsta<strong>in</strong> from vot<strong>in</strong>g <strong>in</strong> respect of their direct and <strong>in</strong>direct sharehold<strong>in</strong>gs <strong>in</strong> the Company on theresolution perta<strong>in</strong><strong>in</strong>g <strong>to</strong> the Proposed Shareholders’ Mandate at the forthcom<strong>in</strong>g 42 nd AGM.The Interested Related Parties as detailed <strong>in</strong> Section 2.2.2 of this Circular have agreed that <strong>IGB</strong> maytable one resolution <strong>to</strong> obta<strong>in</strong> the shareholders’ mandate for all its Recurrent RPTs even if suchRecurrent RPTs <strong>in</strong>volved several different related parties, nature of transactions and/or classes ofrelated parties.4.0 DIRECTORS' RECOMMENDATION5.0 AGMThe Direc<strong>to</strong>rs (save for the <strong>in</strong>terested Direc<strong>to</strong>rs namely Robert Tan Chung Meng, Tan Boon Seng, TanLei Cheng, Tan Boon Lee, Paul<strong>in</strong>e Tan Suat M<strong>in</strong>g and Tony Tan @ Choon Keat who are deemed<strong>in</strong>terested <strong>in</strong> the Proposed Shareholders’ Mandate as mentioned <strong>in</strong> Section 3.0 above, have absta<strong>in</strong>edfrom express<strong>in</strong>g an op<strong>in</strong>ion relat<strong>in</strong>g there<strong>to</strong>), hav<strong>in</strong>g considered all aspects of the ProposedShareholders’ Mandate, are of the op<strong>in</strong>ion that the Proposed Shareholders’ Mandate is <strong>in</strong> the best<strong>in</strong>terest of <strong>IGB</strong>. Accord<strong>in</strong>gly, the Direc<strong>to</strong>rs (with the exception of the <strong>in</strong>terested Direc<strong>to</strong>rs who aredeemed <strong>in</strong>terested <strong>in</strong> the Proposed Shareholders’ Mandate as mentioned <strong>in</strong> Section 3.0 above, haveabsta<strong>in</strong>ed from mak<strong>in</strong>g recommendations on the Proposed Shareholders’ Mandate), recommend that youvote <strong>in</strong> favour of the ord<strong>in</strong>ary resolution perta<strong>in</strong><strong>in</strong>g <strong>to</strong> the Proposed Shareholders’ Mandate <strong>to</strong> be tabledat the forthcom<strong>in</strong>g 42 nd AGM.The ord<strong>in</strong>ary resolution perta<strong>in</strong><strong>in</strong>g <strong>to</strong> the Proposed Shareholders’ Mandate is set out as Special Bus<strong>in</strong>ess<strong>in</strong> the Notice of the 42 nd AGM conta<strong>in</strong>ed <strong>in</strong> the Annual Report 2005, which is sent <strong>to</strong> you <strong>to</strong>gether withthis Statement/Circular. An extract of the said ord<strong>in</strong>ary resolution is enclosed <strong>in</strong> this Statement/Circular.The 42 nd AGM will be held at B<strong>in</strong>tang Ballroom, Level 5, Cititel Mid Valley, Mid Valley City, L<strong>in</strong>gkaranSyed Putra, 59200 Kuala Lumpur on Wednesday, 31 May 2006 at 3.00 p.m.If you are unable <strong>to</strong> attend and vote <strong>in</strong> person at the 42 nd AGM and wish <strong>to</strong> appo<strong>in</strong>t a proxy <strong>to</strong> attend andvote <strong>in</strong> your stead, you are requested <strong>to</strong> complete, sign and return the Proxy Form enclosed <strong>in</strong> theAnnual Report 2005 <strong>in</strong> accordance with the <strong>in</strong>structions conta<strong>in</strong>ed there<strong>in</strong> and forward it <strong>to</strong> theRegistered Office of <strong>IGB</strong> no less than forty-eight (48) hours before the time set for the 42 nd AGM or anyadjournment thereof.The lodg<strong>in</strong>g of the Proxy Form will not preclude you from attend<strong>in</strong>g and vot<strong>in</strong>g <strong>in</strong> person at the 42 ndAGM if you subsequently wish <strong>to</strong> do so.Page 14
6.0. FURTHER INFORMATIONShareholders of <strong>IGB</strong> are advised <strong>to</strong> refer <strong>to</strong> the attached Appendix I for further <strong>in</strong>formation.Yours faithfullyFor and on behalf of the Board of<strong>IGB</strong> <strong>CORPORATION</strong> <strong>BERHAD</strong>TAN SRI ABU TALIB BIN OTHMANINDEPENDENT NON-EXECUTIVE CHAIRMANPage 15
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