Directorate Change

Titanium Asset Management Corp.

Resignation of Non-Executive Director

Milwaukee, WI, March 12, 2013 - Titanium Asset Management Corp. (AIM:TAM) (the "Company") announces that effective as March 11, 2013, Mr. Ron Braverman has resigned from our board of directors for personal reasons.

Our chairman, Mr. Robert Brooks, commented: "On behalf of Brian Gevry and myself, we want to thank Ron for his service to the Company as a director and wish him nothing but the best going forward."

For further information please contact:

Titanium Asset Management Corp.

Robert Brooks, Chairman +1 312-335-8300

Titanium Asset Management Corp.

Brian Gevry, Chief Executive Officer +1 216-771-3450

Cantor Fitzgerald Europe

David Foreman/Guy Peters +44 20 7107 8000