ITC CORPORATION<00372> - 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 recent fluctuation in the price of the ordinary shares of 
the Company today and wish to state that, save as disclosed in the 
announcement of ITC Corporation Limited dated 4th December, 2003 (the 
"Announcement"), we are not aware of any reasons for such fluctuation.

We also confirm that, save as disclosed in the Announcement, 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

5th December 2003"