IOI Corporation Berhad (the “Company” or “IOIC”) wishes to announce that at the Extraordinary General Meeting (“EGM”) of the Company held on 27 October 2015, the shareholders of the Company had approved all the following ordinary resolutions as set out in the notice of the EGM dated12 October 2015:

1. Proposed establishment of an Executive Share Option Scheme ("ESOS") of up to 10% of the issued and paid-up share capital of the Company.

2. Proposed allocation of ESOS Options to Tan Sri Dato' Lee Shin Cheng.

3. Proposed allocation of ESOS Options to Dato' Lee Yeow Chor.

4. Proposed allocation of ESOS Options to Lee Cheng Leang.

5. Proposed allocation of ESOS Options to Lee Yoke Hean.

This announcement is dated 27 October 2015.