MTR Corporation - Directorate Change

Wed Dec 19, 2007 2:00am EST

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RNS Number:2344K
MTR Corporation Ltd
19 December 2007


                           MTR CORPORATION LIMITED
                                (the "Company")
               (Incorporated in Hong Kong with limited liability)
                                (Stock Code: 66)

               APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS

 ------------------------------------------------------------------------------
! The Board is pleased to announce that with effect from 18 December 2007,     !
! Mr. Ng Leung-sing and Mr. Abraham Shek Lai-him have been appointed as        !
! independent non-executive Directors ("INED") of the Company.                 !
 ------------------------------------------------------------------------------

The Board is pleased to announce that with effect from 18 December 2007,  
Mr. Ng Leung-sing and Mr. Abraham Shek Lai-him have been appointed as INEDs of 
the Company. Also, with effect from the same date, Mr. Ng has been appointed as 
a member of the Audit Committee of the Company and Mr. Shek has been appointed 
as a member of the Nominations Committee of the Company.

Mr. Ng Leung-sing, aged 58, is vice chairman of Chiyu Banking Corporation,
general manager, Bank-wide Operation Department of Bank of China (HK) Ltd and an
independent non-executive director of Smartone Telephone Holdings Ltd. He is a
Member of the Fisheries Development Loan Fund Advisory Committee, a director of
the Bank of China (Hong Kong) Charitable Foundation and a Member of the Court of
Lingnan University. Mr. Ng is also a Hong Kong Deputy to the 10th National
People's Congress, People's Republic of China. Mr. Ng is a graduate of
University of East Asia, Graduate College, Macau and holds a diploma in Chinese
Law.

Mr. Ng has not entered into any service contract with the Company nor is he
appointed for a specific term. As a Director and a member of the Audit Committee
of the Company, Mr. Ng will receive from the Company an emolument of HK$8,822 in
respect of his appointment for the period from 18 December 2007 to 31 December
2007 and an annual emolument of HK$300,000 thereafter, which will take effect
from 1 January 2008. Save as disclosed above and as at the date of this
announcement, Mr. Ng has not held any directorships in the last three years in
other listed public companies and does not hold any other position with the
Company or its subsidiaries. Mr. Ng is not related to any Directors, senior
management or substantial or controlling shareholders of the Company. Mr. Ng
does not have any interests in the shares of the Company within the meaning of
Part XV of the Securities and Futures Ordinance ("SFO") as recorded in the
register required to be kept under section 352 of the SFO or as otherwise
notified to the Company and the Stock Exchange of Hong Kong Limited (the "Stock
Exchange") pursuant to the Model Code for Securities Transactions by Directors
of Listed Issuers. Mr. Ng has confirmed that he meets the independence criteria
set out in Rule 3.13 of the Rules Governing the Listing of Securities on the
Stock Exchange (the "Listing Rules"). There is nothing in respect of Mr. Ng
which is disclosable pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules
nor are there any other matters, other than as stated above, that need to be
brought to the attention of the holders of securities of the Company.

Mr. Abraham Shek Lai-him, aged 62, is an independent non-executive director and
an audit committee member of each of Midas International Holdings Limited,
Paliburg Holdings Limited, Lifestyle International Holdings Limited, Chuang's
Consortium International Limited, NWS Holdings Limited, See Corporation Limited,
Regal Portfolio Management Limited, Titan Petrochemicals Group Limited, Eagle
Asset Management (CP) Limited, ITC Corporation Limited, Country Garden Holdings
Company Limited and is also an independent non-executive director of each of Hop
Hing Holdings Limited and SJM Holdings Limited. Mr. Shek was appointed
as Justice of the Peace in 1995 and was awarded the Silver Bauhinia Star in
2007. He is a Member of the Council of The Hong Kong University of Science &
Technology and the Court of the University of Hong Kong. Mr. Shek is a graduate
of the University of Sydney and holds a Bachelor of Arts degree and a Diploma in
Education.

Mr. Shek has not entered into any service contract with the Company nor is he
appointed for a specific term. As a Director and a member of the Nominations
Committee of the Company, Mr. Shek will receive from the Company an emolument of
HK$7,671 in respect of his appointment for the period from 18 December 2007 to
31 December 2007 and an annual emolument of HK$300,000 thereafter, which will
take effect from 1 January 2008. Save as disclosed above and as at the date of
this announcement, Mr. Shek has not held any directorships in the last three
years in other listed public companies and does not hold any other position with
the Company or its subsidiaries. Mr. Shek is not related to any Directors,
senior management or substantial or controlling shareholders of the Company. 
Mr. Shek does not have any interests in the shares of the Company within the
meaning of Part XV of the SFO as recorded in the register required to be kept
under section 352 of the SFO or as otherwise notified to the Company and the
Stock Exchange pursuant to the Model Code for Securities Transactions by
Directors of Listed Issuers. Mr. Shek has confirmed that he meets the
independence criteria set out in Rule 3.13 of the Listing Rules. There is
nothing in respect of Mr. Shek which is disclosable pursuant to Rules 13.51(2)
(h) to (v) of the Listing Rules nor are there any other matters, other than as
stated above, that need to be brought to the attention of the holders of
securities of the Company.



                                                           By Order of the Board
                                                              Leonard Bryan Turk
                                                               Company Secretary

Hong Kong, 18 December 2007

As at the date of this announcement:

Members of the Board: Dr. Raymond Ch'ien Kuo-fung (Chairman)**, Chow Chung-kong
(Chief Executive Officer), Professor Cheung Yau-kai*, David Gordon Eldon*,
Christine Fang Meng-sang*, Edward Ho Sing-tin*, Lo Chung-hing*, Ng Leung-sing*,
Abraham Shek Lai-him*, T. Brian Stevenson*, Professor Chan Ka-keung, Ceajer
(Secretary for Financial Services and the Treasury)**, Secretary for Transport
and Housing (Eva Cheng)** and Commissioner for Transport (Alan Wong Chi-kong)**

Members of the Executive Directorate: Chow Chung-kong, Russell John Black,
William Chan Fu-keung, Thomas Ho Hang-kwong, Lincoln Leong Kwok-kuen, Francois
Lung Ka-kui, Andrew McCusker and Leonard Bryan Turk


*     independent non-executive Directors
**    non-executive Directors

This announcement is made in English and Chinese. In the case of any
inconsistency, the English version shall prevail.





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