TAM Tatton Asset Management Plc

RNS Number:6822E
Titanium Asset Management Corp
28 September 2007



28 September 2007

                        Titanium Asset Management Corp.

                           Result of Special Meeting




Resolution Successfully Approved by an Overwhelming Majority of Shares Voted in
Favour

Titanium Asset Management Corp. ("Titanium" or the "Company") (AIM: TAM) is 
pleased to announce that at the Special Meeting of Stockholders held yesterday 
the Resolution was successfully carried by an overwhelming majority of 96.44% of 
votes in favour.

The Special Meeting had been convened to approve the acquisition by Titanium of
the entire issued and outstanding capital stock of Wood Asset Management Inc 
and Sovereign Holdings, LLC and of certain client mandates from Siesta Key 
Capital LLC (collectively, the "Acquisition").

The Acquisition, which constitutes a reverse takeover under the AIM Rules, is
expected to complete on 1 October 2007 whereupon all the issued Shares 
(excluding those Shares to be redeemed and those Founding Shares to be 
cancelled) and Warrants in the Company will be re-admitted to AIM.

In connection with the vote at the Special Meeting, Stockholders representing 
approximately 82.8 per cent. of the issued Shares voted in favour of the 
Resolution, whilst only approximately 3.1 per cent. of the issued Shares were 
voted against the Resolution and elected to redeem and the remaining 
approximately 14.1 percent of issued Shares either abstained or did not vote.

In accordance with Titanium's Certificate of Incorporation, a total of 119,200
Founding Shares (comprising 95,360 Shares and 23,840 Restricted Shares) are to 
be purchased by Titanium at par value so that the aggregate number of 
Founding  Shares shall not exceed 15.2% of the issued share capital of the 
Company (excluding those Shares to be issued as consideration on the 
Acquisition).

Application has therefore been made for the admission to AIM of 22,993,731 
Shares and 20,000,000 Warrants.  Admission is expected to occur at 8am on 1 
October 2007.

For further information:

Titanium Asset Management Corp.
John Sauickie, Chief Executive Officer       +1 941 524 5672
Nigel Wightman, Executive Director           + 44 7789 277849

Seymour Pierce Ltd
Jonathan Wright                              +44 20 7107 8000

Penrose Financial
Gay Collins                                  +44 7798 626 282
Kay Larsen                                   +44 7747 631 614




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

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