PAUL Y-ITC<00498> & ITC CORPORATION<00372> - Suspension of Trading

At the request of Paul Y.-ITC Construction Holdings Limited and ITC 
Corporation Limited, trading in their securities has been suspended with 
effect from 9:30 a.m. today (23/10/2002) pending an announcement of an 
alternate proposal, which is price sensitive information, in relation to 
the proposal announced on 7th October, 2002.