Response to press comment

Titanium Asset Management Corp
08 January 2008




8 January 2008

                        Titanium Asset Management Corp.

                           Response to press comment




Titanium Asset Management Corp. ('Titanium' or the 'Company') (AIM: TAM) notes 
the speculation in the Isreali press yeterday and the subsequent announcement 
by Clal Finance, Titanium's largest shareholder.

Titanium confirms that in has entered into a non-binding letter of intent to 
acquire an asset management business.

There can be no guarantee that the proposed transaction will be consummated and 
Titanium will make further announcements in due course.




For further information:

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

Seymour Pierce Ltd
Jonathan Wright                                            [phone]

Penrose Financial

Gay Collins                                                [phone]
Kay Larsen                                                 [phone]






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