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 increases.

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 individually jointly accept responsibility for the accuracy of this 
statement.

For and on behalf of
ITC CORPORATION LIMITED

Elsa Wong
Company Secretary

15th February, 2000"