09:13     ITC CORPORATION<00372> - Unusual volume movements                   

    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 trading volume of the ordinary shares
    of the Company and wish to state that we are not aware of any reasons for 
    such increase.                                                            
                                                                              
    Save as disclosed in the announcement of the Company dated 6 April 2005, a
    circular and an offer document both dated 27 April 2005, we also confirm  
    that there are no negotiations or agreements relating to intended         
    acquisitions or realisations which are discloseable under rule 13.23 of   
    the Rules Governing the Listing of Securities on The Stock Exchange of    
    Hong Kong Limited (the "Listing Rules"), neither is the board of directors
    of the Company ("Board") aware of any matter discloseable under the       
    general obligation imposed by rule 13.09 of the Listing Rules, 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.                                                           
                                                                              
    As at the date of this statement, the Board comprises nine directors of   
    the Company, of which (i) six are executive directors, namely Dr. Chan    
    Kwok Keung, Charles, Mr. Lau Ko Yuen, Tom, Ms. Chau Mei Wah, Rosanna, Mr. 
    Chan Kwok Hung, Mr. Chan Fut Yan and Mr. Cheung Hon Kit; and (ii) three   
    are independent non-executive directors, namely Mr. Chuck Winston Calptor,
    Mr. Lee Kit Wah and Mr. Wong Kam Cheong, Stanley.                         
                                                                              
                                                                              
    For and on behalf of board of                                             
    ITC CORPORATION LIMITED                                                   
                                                                              
                                                                              
                                                                              
    Chau Mei Wah, Rosanna                                                     
    Managing Director                                                         
                                                                              
    6 May 2005"