RNS Number:7514Y
Titanium Asset Management Corp
21 June 2007


Not for release, publication or distribution in, or into, the United States, 
Canada, Australia, Japan, the Republic of Ireland or South Africa


Press Release

June 21, 2007

                         Titanium Asset Management Corp.
                         ('Titanium' or the 'Company')
Successful completion of US$120,000,000 financing and first day of dealings


Titanium Asset Management Corp., established to acquire companies engaged in the
asset management industry, announces the admission of its common shares and
warrants to trading on the AIM Market ('AIM') of the London Stock Exchange plc.
Seymour Pierce Limited is acting as both Nominated Adviser and Broker to the
Company.  Sunrise Securities Corp. acted as Global Co-ordinator, Sole
Bookrunner, Financial Adviser and Placing Agent.  The trading symbols for the
common shares and warrants are TAM.L and TAMW.L respectively.

Titanium intends to acquire a number of specialists as well as multiproduct
asset management firms with complementary investment strategies and strong
investment performance which will then be managed as an integrated business.
Titanium has already signed three Letters of Intent to acquire asset management
businesses with combined assets under management of an estimated combined
US$3.5bn.  The acquisition strategy will initially focus on the US market, but
will then be rolled out globally.

Titanium has placed 20,000,000 units at US$6.00, each unit comprising one share
and one warrant, raising US$120,000,000 before expenses.  Clal Finance Ltd, an
investment bank quoted on the Tel Aviv Stock Exchange, has acquired 10,100,000
units at the placing.  A number of other major international institutional
investors participated in the placing.

Titanium has assembled a strong management team with extensive experience in the
global asset management industry, led by Mr. John Kuzan as Chairman, Mr. John
Sauickie as CEO and Mr. Nigel Wightman, Executive Director.


Commentating on the placing Mr. Wightman, Executive Director, said:

"We are delighted to have the support of a strong shareholder group to pursue
our business strategy.  We believe that the global asset management industry
will continue to grow significantly and we hope to acquire both specialist and
multiproduct firms where we are able to expand the scale and scope of
distribution to improve rates of asset accumulation."

Subject to compliance with applicable laws, stabilisation may be undertaken in
relation to the shares during the period ending 20 July 2007 if the market price
per share is less than $5.50. However stabilisation may cease at any time and
there is no assurance that stabilisation will be undertaken. The manner in which
the stabilisation will be undertaken is set out in the Company's admission
document dated 18 June 2007.

The common shares and warrants in the Company have not been registered under the
U.S. Securities Act of 1933, as amended. The common shares and warrants may not
be offered or sold within the U.S. or to U.S. persons, except pursuant to an
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act. Hedging transactions involving the Shares or
Warrants may not be conducted unless in compliance with the Securities Act.



For further information:

Titanium Asset Management Corp
Nigel Wightman, Executive Director               Tel: +44 (0) 20 7822 1881

Seymour Pierce Limited
Jonathan Wright, Director                        Tel: +44 (0) 20 7107 8000

Sunrise Securities Corp.                         Tel: (212) 421-1616
Dr. Amnon Mandelbaum, Senior Managing Director

Penrose Financial
Gay Collins                                      Tel: +44 (0) 20 7786 4882
                                                 Mob: 07798626282
Julie Allison                                    Tel: +44 (0) 20 7786 4872


Notes to editors:


Clal Finance is Israel's largest publicly traded financial institution outside
the banking system, providing a broad array of financial services, ranging from
portfolio management to brokerage and underwriting services.  It owns and
operates mutual funds, an in-house hedge fund, and offers individually tailored
structured products to clients.  Clal Finance is owned 77% by Clal Insurance
Enterprises Holdings and 23% by the public.  Clal Insurance Enterprises Holdings
is itself a publicly traded company in which IDB Development Corporation, one of
Israel's largest holding companies, holds a 51% stake and Hapoalim Bank a 14%
stake.


THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION OR DISTRIBUTION INTO THE
UNITED STATES.  THE MATERIAL SET FORTH HEREIN IS FOR INFORMATIONAL PURPOSES ONLY
AND IS NOT INTENDED, AND SHOULD NOT BE CONSTRUED, AS AN OFFER OF SECURITIES FOR
SALE INTO THE UNITED STATES OR ANY OTHER JURISDICTION.   THE SECURITIES OF THE
COMPANY DESCRIBED HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE LAWS OF ANY
STATE, AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES, EXCEPT PURSUANT
TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE LAWS.   THERE IS NO
INTENTION TO REGISTER ANY PORTION OF THE PLACING IN THE UNITED STATES OR TO
CONDUCT A PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES.




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

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