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  News - 05 February 2009

ITC Completes Executive Team Structure

Mr. Vince Erasmus, Chief Executive Officer of ITC Limited (ITC) today announced a key management
appointment in support of ITC's 2009 business strategy for expansion and growth.

"I am delighted to announce the appointment of Mr. Hugh Condon as ITC Group Business Development
Manager, Strategy and Corporate Development," Mr. Erasmus said.

"Through responsible and innovative approaches to plantations, timber operations and managed funds ITC
has become recognised as Australia's leader in sustainable commercial forestry products. This new role,
reporting to me, will ensure ITC continues our industry leadership position," Mr. Erasmus said.

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