Appointment of directors

Titanium Asset Management Corp
19 July 2007


                        Titanium Asset Management Corp.
                         ('Titanium' or the 'Company')

                            Appointment of directors

Titanium Asset Management Corp., established to acquire companies engaged in the
asset management industry, is pleased to announce the appointment of Mr. Avigdor
Kaplan and Mr. Shuky Abramovich as directors of the Company. Messrs Kaplan and
Abramovich have been appointed by Clal Finance Ltd ('Clal Finance'), Titanium's
largest shareholder, pursuant to the terms of an agreement between Clal Finance
and the Company entered into shortly before the Company was admitted to AIM.

Avigdor Kaplan, 67, has been the CEO of of Clal Insurance Enterprises Holdings
Group, one of the Israels' largest concerns, since May 1997. The Clal Insurance
group leads the Israeli market in insurance, pensions and finance. From November
1992 to February 1997, Mr. Kaplan was the CEO of Clalit Health Services, the
largest health maintenance organisation in Israel, which insures 60% of the
Israeli population. He also was an executive vice-president of Israel Aircraft
Industry Ltd where he served from 1978 to 1992.

Yehoshua (Shuky) Abramovich, 46, is CEO of Clal Finance, Israel's largest
publicly traded financial institution outside the banking system. From March
2003 to December 2006 he was CEO of Clal Finance Batucha Invesment Management
Limited, the largest investment management company in Israel. Prior to that, Mr
Abramovich was Deputy Vice-President of Clal Insurance Enterprises Holdings
Limited, a business providing insurance, investment and pension services to
private and corporate clients.

John Kuzan, Chairman of Titanium,said today: 'We are delighted to welcome
Avigdor Kaplan and Shuky Abramovich to the board of Titanium and look forward to
working closely with them as we execute our business strategy.'

For further information:

Titanium Asset Management Corp
Nigel Wightman, Executive Director               Tel: [phone]

Seymour Pierce Limited
Jonathan Wright, Director                        Tel: [phone]


Mr Kaplan is a director or has been a director of the following companies during
the previous five years:

Current Directorships:
GUARD Insurance Group, Inc.
EastGUARD Insurance Company
AmGUARD Insurance Company
NorGUARD Insurance Company
WestGUARD Insurance Company
Clal U.S. Holdings, Inc.
Guard Financial Group, Inc.
Canaf Clal Financial Management Ltd.
Ilit Real Estate A.P. Ltd.
Ilit Insurance Agencies Ltd.
Clal Health Insurance Co. Ltd.
Clal Credit Insurance Ltd.
Clal Finance Ltd.
Managers' Training Fund associated with Clal Insurance Company Ltd.
Clal Finance Batucha Investment Management Ltd.
Clal Finance Investment Management Ltd.
Betach Ltd.
Clal Gemel Ltd.
Clal Credit & Finance Ltd.
Metavit-Atudot Pension Funds Management Company Ltd.
Metavit Gemel (2003) Ltd.
Temurah Insurance Agency (1987) Ltd.
Toren Insurance Agencies Ltd.
Sinai Assessors and Consultants Ltd.
Ararat Properties Ltd.
Ararat Holdings Ltd.
Central Fund for Dental Health
Clal Income Generating Assets Ltd.
Clal Agency Holdings (1998) Ltd.
Clalbit Insurance Agency Ltd.
Shuma-Israeli Company for Assessors
Clal Bo Ltd.
Clalbit Systems Ltd.
Clal First Ltd.
Clal First-Health Ltd.
Clal Insurance Company Property Ltd.
Clal Health Solutions Agency (1989) Ltd.
Clalbit Health General Insurance Agency (1999) Ltd.
Clal Pension Services Ltd.
Clal Health Hospital Admission Service Ltd.
Clal Health O.R.S. Hospital Admission Service (Haifa) Ltd.
Can0Fite Biopharma Ltd.
Broadgate Underwriting Ltd.
Clal Romania Insurance - Reinsurance S.A.
Advanced Technology Acquisition Corp.

Directorships held within the previous five years:
None

Mr Abramovich is a director or has been a director of the following companies
during the previous five years:

Current Directorships:
Ava Financial Ltd.
Ava FX (Bvi)
Ava Financial Ltd. (Bvi)
Ava Financial Ltd. (Cyprus)
Ilanot Batucha On Line Capital Ltd.
Ilanot Batucha Capital Ltd.
Tel Aviv Stock Exchange Ltd.
Clal Health Insurance Company Ltd
Clal Finance Batucha Investment Management Ltd
Clal Finance Batucha Brokerage Ltd
Clal Finance Tahori Investment House Ltd.
Mabat_Basket Certificates Ltd
Mabat Euro Ltd
Mabat Energy Ltd
Mabat Galil Ltd.
Mabat Gilon Ltd.
Mabat Germany Ltd.
Mabat Dollar Ltd.
Mabat Dividend Ltd.
Mabat Chul 2004 Ltd.
Mabat Haser Ltd.
Mabat Japan Ltd.
Mabat Yeter Ltd.
Mabat London Ltd.
Mabat Indexes Ltd.
Mabat Financial Institutes Ltd.
Mabat Matach Ltd.
Mabat Machshirim Finansim Ltd.
Mabat Euro Shares Ltd.
Mabat Nadlan Ltd.
Mabat Nadlan Hesser Ltd.
Mabat Nikkei Shekel Ltd.
Mabat China Ltd.
Mabat International Basket Ltd
Mabat International Basket Trade (2004) Ltd.
Mabat Olami Ltd.
Mabat Finansim 15 Ltd.
Mabat Reit and Nadlan Ltd.
Mabat Shachar Ltd.
Mabat Ta 75 Ltd.
Mabat Tel Bond Ltd.
Mabat Foreing Certificates Ltd.
Moment Investment & Trading Ltd.
Moment Investment Trading Products Ltd.
Maalot Ltd.
Marom 100 Ltd.
Marom 25 Ltd.
Marom Tech Ltd.
Mabat Sal Madadim Ltd.
Magen Financial Products Ltd.
Mabat Currency Ltd.
Mabat Currency Trade (2007) Ltd.
Nurit Hagalil Investment Ltd.

Directorships held within the previous five years:
Clal Finance Mutual Funds Ltd.
Ilanot Batucha Mutual Funds Ltd.
NOA (G.P.A) Investment Company Ltd
Gayser Business Enterprise Ltd.

Neither Mr Kaplan nor Mr Abramovich holds any shares in the Company.

There are no other matters which are required to be announced with regard to
these appointments under paragraph (g) of Schedule 2 of the AIM Rules.




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