ITC CORPORATION<0372>-Exceptional Price & Turnover Movements

The Stock Exchange has received a message from ITC Corporation Limited  
which is reproduced as follows:-

"This statement is made at the request of The Stock Exchange of Hong Kong 
Limited.

We have noted the increases in the price and trading volume of the shares 
of the Company today and wish to state that we are not aware of any 
reasons for such increase.

Save for the announcement made by the Company on 15th September, 1999, we 
confirm that there are no negotiations or agreements relating to intended 
acquisitions or realisations which are discloseable under paragraph 3 of 
the Listing Agreement, neither is the Board aware of any matter 
discloseable under the general obligation imposed by paragraph 2 of the 
Listing Agreement, which is or may be of a price-sensitive nature.

Made by the order of the Board of ITC Corporation Limited the directors of 
which individually and jointly accept responsibility for the accuracy of 
this statement.

For and on behalf of
ITC Corporation Limited

Chau Mei Wah, Rosanna
Director

Hong Kong, 17th September 1999"