Tatton Asset Management Regulatory News (TAM)

8 Jan 2008 11:33

Titanium Asset Management Corp08 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 +1 941 545 2988Nigel Wightman, Executive Director +44 7789 277849 Seymour Pierce LtdJonathan Wright +44 20 7107 8000 Penrose Financial Gay Collins +44 7798 626 282Kay Larsen +44 7747 631 614 This information is provided by RNS The company news service from the London Stock Exchange