ITC CORPORATION<0372> - Announcement

The Stock Exchange of Hong Kong Limited takes no 
responsibility for the contents of this announcement, makes 
no representation as to its accuracy or completeness and 
expressly disclaims any liability whatsoever for any loss 
howsoever arising from or in reliance upon the whole or any 
part of the contents of this announcement.

ITC Corporation Limited
(Incorporated in Bermuda with limited liability)

Extension for despatch of circular relating
to discloseable transaction

The Company will apply to the Stock Exchange for an extension 
for the despatch of the circular in relation to its disposal 
of interest in Genius Ideas to Hanny on or before 17th 
December, 1999.

The directors of ITC Corporation Limited (the "Company") 
refer to the joint announcement of the Company and Hanny 
Holdings Limited ("Hanny") dated 9th November, 1999 
("Announcement") in relation to, inter alia, the disposal of 
interest in Genius Ideas Limited ("Genius Ideas") by the 
Company to Hanny ("Disposal").

As set out in the Announcement, the Disposal constitutes a 
discloseable transaction of the Company and a circular 
containing further details of the Disposal is required to be 
despatched to the shareholders of the Company by the Company 
on or before 30th November, 1999 under the Rules Governing 
the Listing of Securities on The Stock Exchange of Hong Kong 
Limited ("Stock Exchange"). As additional time is required 
for finalizing certain financial information to be included 
into the circular, the Company will apply to the Stock 
Exchange for an extension for the despatch of the circular on 
or before 17th December, 1999.

By Order of the Board
Wong Lai Kin, Elsa
Company Secretary

Hong Kong, 29th November, 1999