1 March 2000
FOR PUBLICATION ONLY IN HONG KONG

KCRC announces US SEC filing

 
Hong Kong, 1 March 2000 - Kowloon-Canton Railway Corporation ("KCRC") announced today that it has filed a registration statement with the US Securities and Exchange Commission for an offering of US$1,000,000,000 of Notes. The timing of the offering will depend upon market conditions.
HSBC and Morgan Stanley Dean Witter are acting as coordinators for filing.
The long-term debt obligations of KCRC are rated "A" by Standard & Poor's and "A3" by Moody's.
This press release does not constitute or contain any offer or invitation to subscribe or purchase securities.