ITC CORPORATION<0372> - Suspension of Trading

At the request of ITC Corporation Limited ("ITC"), trading in its 
securities will be suspended with effect from 10:00 a.m. today (19/8/1999) 
pending  the  publication  of an announcement  in  relation to, amongst 
other things, a proposed issue of  new  shares by Star East Information 
Technology Corp. ("Star East Information")  which  is  62%  beneficially 
owned ITC, shortly. In addition,  an  independent third party subscribing 
for new shares in Star  East Information is expected to be granted an 
option by existing shareholders  of  Star  East Information, including ITC 
through its wholly  owned  subsidiary,  to acquire a further 10% of the 
enlarged share capital of Star East Information.