ITC CORPORATION<0372> - Exceptional Price 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 price of the shares of the Company 
today and wish to state that we are not aware of any reasons for such 
increase.

Save for the joint announcement made by the Company and Tung Fong Hung 
(Holdings) Limited on 10th November, 2000, 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

13th November, 2000"