ITC CORPORATION<0372> - Exceptional Turnover Movement

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 increase in the trading volume of the shares of the 
Company today and wish to state the following:-

The Company has progressed to the final stage of negotiation in relation 
to a possible disposal of certain technology and internet-related assets 
as disclosed in the press announcement of the Company dated 28th 
October, 1999.

Save and except the aforesaid, 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

Rosanna Chau
Managing Director

5th November, 1999"