10:32     I.T LIMITED<00999> - Announcement (1)                               

    Not for publication, distribution or release in the United States         
    of America (including its territories and possessions, any State of       
    the United States and the District of Columbia), the United Kingdom,      
    Singapore, Japan, Australia, Italy, Germany, Switzerland, France,         
    Norway, Denmark, Sweden, Taiwan, the PRC and Bermuda.                     
                                                                              
    The information contained herein does not constitute an offer of          
    securities for sale in the United States. Securities may not be           
    offered or sold in the United States unless they are registered under     
    applicable law or are exempt from registration. No public offering        
    of securities will be made in the United States.                          
                                                                              
    Unless the context requires otherwise, the use of capitalised terms       
    here shall have the same meanings as defined in the prospectus (the       
    ``Prospectus'') of I.T Limited. (the ``Company'') dated 22 February       
    2005.                                                                     
                                                                              
    This announcement is for information purposes only and does not           
    constitute an invitation or offer to acquire, purchase or subscribe       
    for securities. Prospective investors should read the Prospectus for      
    detailed information about the Offering described below before            
    deciding whether or not to invest in the Shares being offered             
    pursuant thereto.                                                         
                                                                              
    The Stock Exchange of Hong Kong Limited (``Stock Exchange'') and Hong     
    Kong Securities Clearing Company Limited (``HKSCC'') take no              
    responsibility for the contents of this announcement, make no             
    representation as to its accuracy or completeness and expressly           
    disclaim any liability whatsoever for any loss howsoever arising          
    from or in reliance upon the whole or any part of the contents of         
    this announcement.                                                        
                                                                              
    Prospective investors should note that the Global Co-ordinator, on        
    behalf of the Underwriters, has the right in certain circumstances,       
    in the sole discretion of the Global Co-ordinator, to terminate the       
    obligations of the Underwriters pursuant to the Underwriting              
    Agreements at any time prior to 8:00 a.m. (Hong Kong time) on the         
    date when dealings in the Shares first commence on the Stock              
    Exchange.                                                                 
                                                                              
    In connection with the Offering, the Global Co-ordinator may, but         
    is not obliged to, over-allocate Shares and/or effect transactions        
    with a view to supporting the market price of the Shares at a level       
    higher than that which might otherwise prevail in the market, for         
    a limited period after the issue date. Such transactions may be           
    effected in all jurisdictions where it is permissible to do so, in        
    each case in compliance with all applicable laws and regulatory           
    requirements, including the Securities and Futures (Price                 
    Stabilizing) Rules made under the SFO, and, if commenced, may be          
    discontinued at any time and are required to be brought to an end         
    after a limited period. The details of the intended stabilisation         
    and how it will be regulated under the SFO are contained in the           
    Prospectus. The number of Shares being offered in the International       
    Placing may be increased by up to and not more than an aggregate of       
    45,682,000 additional Shares through the exercise of the                  
    Over-allotment Option granted to the Global Co-ordinator by the           
    Company, exercisable by the Global Co-ordinator no later than 30 days     
    from the last day for lodging applications under the Hong Kong Public     
    Offering. In the event that the Over-allotment Option is exercised,       
    a corresponding press announcement will be made.                          
                                                                              
    I.T Limited                                                               
    (Incorporated in Bermuda with limited liability)                          
                                                                              
    LISTING ON THE MAIN BOARD OF                                              
    THE STOCK EXCHANGE OF HONG KONG LIMITED                                   
    BY WAY OF                                                                 
    HONG KONG PUBLIC OFFERING                                                 
    AND                                                                       
    INTERNATIONAL PLACING                                                     
                                                                              
    Number of Offer Shares   :   304,548,000 Shares comprising                
    250,000,000 New Shares and 54,548,000 Sale Shares (subject to the         
    Over-allotment Option)                                                    
    Number of Hong Kong Offer Shares   :   30,456,000 New Shares              
    (subject to adjustment)                                                   
    Number of International Placing Shares   :   274,092,000 Shares           
    (subject to adjustment and the Over-allotment Option)                     
    Offer Price   :   Not more than HK$1.95 per Offer Share and expected      
    to be not less than HK$1.75 per Offer Share (payable in full on           
    application and subject to refund)                                        
    Nominal value   :   HK$0.10 per Share                                     
    Stock code   :   999