Special Meeting - Replace

Titanium Asset Management Corp
28 March 2008


The following replaces RNS 0533R released on 28 March 2008 at 1346. The changes
are to the numbers in the in the third and fourth paragraphs which were
incorrect as result of an arithmetical error. The rest of the original
announcement remains unchanged and the full text of the revised announcement is
set out below.

28 March 2008

                        Titanium Asset Management Corp.

                          Further re: Special Meeting

Further to the announcement made on 27 March 2007, Titanium Asset Management 
Corp. ('Titanium' or the 'Company') (AIM: TAM) announces that a total of 
4,213,000 Shares were elected to be redeemed.

Under the terms of Titanium's Certificate of Incorporation, each Stockholder 
who elected to redeem Shares will be entitled to redeem 52.42% of the Shares 
submitted for redemption.  Accordingly, a total of 2,208,452 Shares will be 
redeemed.

Furthermore, a total of 417,221 Founding Shares (comprising 333,777 Shares and 
83,444 Restricted Shares) will be purchased by Titanium at par value so that, 
following the redemption referred to above, the aggregate number of Founding 
Shares shall not exceed 15.2% of the issued share capital of the Company 
(excluding those Shares issued as consideration for acquisitions).

Accordingly, following completion of the Acquisition on 31 March, there will be
20,451,502 Shares in issue and admitted to trading on AIM and 612,716 Restricted
Shares in issue.

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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            The company news service from the London Stock Exchange
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