Completion of Acquisition

Titanium Asset Management Corp
01 April 2008



1 April 2008

                        Titanium Asset Management Corp.

                           Completion of Acquisition

                                 Board Changes

                               Holding in Company

Titanium Asset Management Corp. ('Titanium' or the 'Company') (AIM: TAM) is 
pleased to announce that it has completed the acquisition of the entire issued 
and outstanding capital stock of National Investment Services, Inc. ('NIS')
following the approval of the acquisition (the 'Acquisition') at the Special 
Meeting of the Company held on 26 March 2008.

The Acquisition constitutes a Qualified Business Combination under the terms of
the Company's certificate of incorporation. Accordingly:

   • Stockholder approval will no longer be required for further acquisitions
     by the Company unless such acquisition constitutes a reverse takeover under
     the AIM Rules and Stockholders will have no further rights to require the
     Company to repurchase their shares of common stock ('Shares');

   • the balance of funds held in the trust fund will be transferred to the
     Company and become unrestricted and available for general use;

   • the Company must use commercially reasonable efforts to file with the
     SEC a registration statement within 120 days of today's date; and

   • the warrants to subscribe for Shares ('Warrants') become exercisable.

The Company also confirms that John Kuzan has today stepped down as Chairman of
the Board of the Company to focus upon developing the Company's businesses,
particularly Sovereign.

Nigel Wightman, currently a director of Titanium has become Chairman and Robert
Kelly, a founder and director of NIS, has joined the Board as an Executive
Director.

The Company has also been informed that Clal Finance Ltd. has entered into an
agreement to acquire 385,400 Shares at US$4.80 per share and 385,400 Warrants at
US$0.9000 per Warrant. Following this acquisiton, Clal Finance Ltd. will own
10,485,400 Shares, representing 51.3 per cent. of the issued Shares, and
10,485,400 Warrants.

Nigel Wightman, Chairman, said 'I am pleased to welcome Bob Kelly and the rest
of the NIS staff to Titanium.

'We now have an excellent range of investment products, some delivered
internally and some by our new partners. NIS also provides us with excellent
institutional distribution and a strong operational base. We continue to seek
further acquisitions in the asset management industry, both in the United States
and elsewhere, and look forward to reporting progress to Stockholders in the
coming months'.

For further information:

Titanium Asset Management Corp.
John Sauickie, Chief Executive Officer                         [phone]
Nigel Wightman, Executive Director                             + 44 7789 277849

Seymour Pierce Ltd
Jonathan Wright                                                [phone]

Penrose Financial
Gay Collins                                                    [phone]
Kay Larsen
[e-mail]




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