Directorate Change

RNS Number : 4372F

Titanium Asset Management Corp

12 January 2010

 



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

Resignation of non-executive director

Titanium Asset Management Corp., the multi product asset management company, announces the resignation of Yehoshua Abramovich, a non-executive director of the Company with immediate effect. Mr Abramovich was previously appointed by Clal Finance Ltd, Titanium's largest shareholder, pursuant to the terms of the certificate of incorporation and bylaws of the Company at the time of admission of the Company to AIM.

For further information please contact:

Titanium Asset Management Corp.

Nigel Wightman, Chairman and CEO          [phone] or + 44 7789 277849

Seymour Pierce Ltd

Jonathan Wright                                         [phone]

Penrose Financial

Gay Collins/Elisha Vincent                          [phone] or [phone]

[e-mail]

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