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.

The Company is in the process of negotiation to dispose of certain assets 
but no agreement has been reached.  Save and except the aforesaid, we wish 
to state that we are not aware of other reasons for such increase.

We also confirm that save and except the aforesaid 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

Elsa Wong
Secretary

27th October, 1999"