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 volulme of the shares of the 
Company this morning and wish to state that we are not aware of any 
reasons for such increase.

We also 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 (other than Dr. Chan Kwok Keung, Charles, Mr. Allan Yap 
and Mr. Cheung Hon Kit who were out of town and uncontactable) 
individually and jointly accept responsibility for the accuracy of 
this statement.

For and on behalf of
ITC CORPORATION LIMITED

Elsa Wong
Company Secretary

28th December, 1999"