XN000022-1996-08-27 — Page 3

- 2 -

The proposed new tolls compared with existing ones are:

Vehicles

Private cars,

Existing toll

$6

Proposed toll

$8

taxis & motorcycles

Light buses and light

$10

$13

goods vehicles

Medium & heavy goods

$15

$20

vehicle and buses

Extra axle

End

$5

$7

KCRC chairman not to seek further term

The Government today (Tuesday) announced that the Chairman and Chief Executive of the Kowloon-Canton Railway Corporation (KCRC), Mr Kevin Hyde, has notified the Government of his decision not to seek another term when his current contract expires on December 23.

The Administration fully respects Mr Hyde's decision and is now engaging a consultant firm to look for his successor.

Mr Hyde joined KCRC as Chairman and Chief Executive on December 24, 1990. He is now serving his second three-year term.

The Secretary for Transport, Mr Gordon Siu, said Mr Hyde had performed well as Chairman and Chief Executive of the Corporation and had given the Corporation a clear sense of direction and commitment.

During his tenure, the Corporation has made significant progress in customer service, safety, reliability, training and development.

End