10:22     <00577><00498><00372> - Joint Announcement (8)                      

    By order of the board of                                                  
    ITC Corporation Limited                                                   
    Law Hon Wa, William                                                       
    Company Secretary                                                         
                                                                              
    Hong Kong, 30th November, 2004                                            
                                                                              
    The directors of Skynet jointly and severally accept full                 
    responsibility for the accuracy of the information contained              
    in this announcement (other than those relating to the Paul Y             
    Group and ITC Group) and confirm, having made all reasonable              
    inquiries, that to the best of their knowledge, opinions                  
    expressed in this announcement (other than those relating to              
    the Paul Y Group and ITC Group) have been arrived at after                
    due and careful consideration and there are no other facts                
    (other than those relating to the Paul Y Group and ITC Group)             
    not contained in this announcement the omission of which                  
    would make any statements (other than those relating to the               
    Paul Y Group and ITC Group) in this announcement misleading.              
                                                                              
    The directors of Paul Y jointly and severally accept full                 
    responsibility for the accuracy of the information contained              
    in this announcement (other than those relating to the Skynet             
    Group and ITC Group) and confirm, having made all reasonable              
    inquiries, that to the best of their knowledge, opinions                  
    expressed in this announcement (other than those relating to              
    the Skynet Group and ITC Group) have been arrived at after                
    due and careful consideration and there are no other facts                
    (other than those relating to the Skynet Group and ITC Group)             
    not contained in this announcement the omission of which                  
    would make any statements (other than those relating to the               
    Skynet Group and ITC Group) in this announcement misleading.              
                                                                              
    The directors of ITC jointly and severally accept full                    
    responsibility for the accuracy of the information contained              
    in this announcement (other than those relating to the Skynet             
    Group and the Paul Y Group) and confirm, having made all                  
    reasonable inquiries, that to the best of their knowledge,                
    opinions expressed in this announcement (other than those                 
    relating to the Skynet Group and the Paul Y Group) have been              
    arrived at after due and careful consideration and there are              
    no other facts (other than those relating to the Skynet Group             
    and the Paul Y Group) not contained in this announcement the              
    omission of which would make any statements (other than those             
    relating to the Skynet Group and the Paul Y Group) in this                
    announcement misleading.                                                  
                                                                              
    * For the Chinese name, please refer to the press annoucement today.