MTR Metal Tiger Plc

RNS Number:5544D
Kowloon-Canton Railway Corporation
10 September 2007



                       KOWLOON-CANTON RAILWAY CORPORATION
              (a statutory corporation incorporated in Hong Kong)

              Kowloon-Canton Railway Corporation commences consent
                 solicitation related to its 8% Notes due 2010
                        (Stock code in Hong Kong: 2547)

September 10, 2007 -- Kowloon-Canton Railway Corporation ("KCRC") announced
today that it has commenced a consent solicitation (the "Consent Solicitation") 
relating to its US$1,000,000,000 8% Notes Due 2010, CUSIP No. 500748AA6,
ISIN No. US500748AA61 and Common Code No. 010926084 (the "Notes").

The primary purpose of the Consent Solicitation is to obtain consents from
holders of the Notes (the "Holders") to amend certain provisions (the 
"Proposed Amendments") of the indenture dated March 16, 2000 (the "Indenture") 
in connection with the proposed rail merger between MTR Corporation Limited
and KCRC. The Proposed Amendments are set out in the Consent Solicitation
Statement dated September 10, 2007 (the "Consent Solicitation Statement").

Following the passage of the Rail Merger Bill, which sets out the terms and
conditions of the proposed rail merger, by the Legislative Council of the
Government of the Hong Kong Special Administrative Region, each of Moody's
Investors Service and Standard & Poor's Ratings Services reaffirmed its ratings
of KCRC and of the Notes as "Aa3" and "AA" on July 16, 2007.

The consent solicitation with respect to the Notes commenced today and expires
at 5:00 P.M., New York City time, on September 28, 2007, unless otherwise
extended by KCRC (the "Expiration Time"), and is being made upon the terms
and is subject to the conditions set forth in the Consent Solicitation
Statement. Consents are being sought from all Holders of record at 5:00 P.M.,
New York City time, on September 7, 2007, in accordance with the terms of the
Indenture. A copy of the Consent Solicitation Statement can be obtained upon
request, free of charge, from HSBC Securities (USA) Inc. and/or Lucid Issuer
Services.

Approval of the Proposed Amendments requires the receipt of consents from the
Holders of not less than 66 2/3% in aggregate principal amount of the Notes
outstanding (the "Requisite Consents").

KCRC is offering to pay, upon the terms and conditions of the Consent
Solicitation Statement, a consent fee of US$2.50 (the "Consent Fee") per
US$1,000 principal amount of the Notes to the Holders that consent to the
Proposed Amendments if the Requisite Consents are received prior to the
Expiration Time and not subsequently revoked. The Consent Fee will be paid as
promptly as practicable after the satisfaction of the Conditions.

HSBC Securities (USA) Inc. is acting as the solicitation agent for the Consent
Solicitation. Questions with respect to the terms of the Consent Solicitation
should be directed to the solicitation agent at +1 888 HSBC 4LM (472 2456) in
the U.S. or +1 212 525 5552 (international) (collect).

Lucid Issuer Services is the information and tabulation agent for the Consent
Solicitation. Requests for assistance or additional sets of the Consent
Solicitation materials should be directed to Lucid Issuer Services at +852 2526
5406 or kcrcinfo@lucid-is.com.hk.

Concurrently with the Consent Solicitation, KCRC is also soliciting consents
from holders of the notes issued under its medium term note program and its Hong
Kong dollar retail notes in connection with the proposed rail merger.

This notice is not a consent solicitation, which shall be made solely by the
Consent Solicitation Statement and related documents, and those documents should
be consulted for additional information regarding consent procedures and the
conditions for the Consent Solicitation. This notice is not an offering of
securities in the United States or any other jurisdiction.

KCRC is a statutory corporation, wholly owned by the Financial Secretary
Incorporated on behalf of the Government of the Hong Kong Special Administrative
Region. KCRC operates, extends and improves its railways in the Hong Kong
Special Administrative Region.

Forward-looking Information

Certain statements contained in this notice may be viewed as "forward-looking
statements" within the meaning of Section 21E of the U.S. Securities Exchange
Act of 1934, as amended.. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors, which may cause the actual
performance, financial condition or results of operations of KCRC to be
materially different from any future performance, financial condition or results
of operations implied by such forward-looking statements. Further information
regarding these risks, uncertainties and other factors is included in the Annual
Report on Form 20-F for the year ended December 31, 2006, filed with the U.S.
Securities and Exchange Commission (the "SEC") and in KCRC's other filings
with the SEC.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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