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 increase in the price of the ordinary shares of 
the Company today and wish to state that, save as disclosed in the 
joint announcement of the Company and Paul Y. - ITC Corporation Holdings 
Limited dated 16th December, 2003 and the announcements of the Company 
dated 19th December, 2003 (togother the "Announcements"), we are not aware 
of any reasons for such increase.

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

William Law
Company Secretary

29th December 2003"