For immediate release
16 September 2009

 Integrated Asset Management plc
('Integrated' or the 'Company')

Completion of the disposal of 51 per cent. of the issued share capital of Altigefi S.A. ('Altigefi') and certain transferred funds contracts by the Company to Sal. Oppenheim (France) ('Sal. Oppenheim France')  (the 'Disposal' or the 'Transaction').

The Board announces that the Court has today approved the proposed Share Premium Reduction and the Capital Reduction in relation to the Disposal. The Company expects to file the order of the Court with the Registrar of Companies on 17 September 2009. As all other conditions to the Disposal have now been satisfied, completion of the Disposal will take place on such filing.   

It is anticipated that on completion the Company will receive a total payment of €3,452,738.79 (representing the cash consideration for the Disposal together with dividend and dividend equivalent payments).  

Application has been made to London Stock Exchange plc for the ordinary shares held by Sal. Oppenheim jr. & Cie. S.C.A. ('Sal. Opp jr.') in the capital of the Company to be cancelled from trading on AIM at 8.00 a.m. on 17 September 2009. Following cancellation of the ordinary shares held by Sal. Opp jr., the Company will have 30,651,386 ordinary shares in issue.

Emanuel Arbib, CEO, commented: 'We are pleased that after a long transition period, the Transaction with Sal. Oppenheim France has successfully completed.

We have worked very closely with Altigefi and Sal. Oppenheim France over this period to ensure a smooth transition and we wish them much success as they integrate the operations into the Sal. Oppenheim family of businesses. 

Meanwhile, Integrated has used the past six months to streamline successfully its remaining fund management operations.  Whilst the past twelve months have been particularly challenging for our industry, we are pleased to report that there are tangible indications of an improvement fuelled by fundamentals and not only because of the recent run-up in the equity markets. Investors in alternative assets have not disappeared as some had feared during the trough of September 2008 - March 2009; rather, what we are seeing is that investors are now demanding more liquidity and transparency as well as performance. 

We are satisfied that our funds have performed well this year despite holding very high levels of cash to meet potential redemption requests. To ensure that we continue to have the proper resources post-completion to provide high quality investment and risk management, and service to our clients, on September 14 2009, the Company entered into a strategic relationship with AlvineClontarf, a London and Chicago based alternative investments boutique, to bolster its asset management capabilities especially for sophisticated institutional clients.

Following completion of the Transaction, we are confident that Integrated, with its strong and liquid balance sheet, is very well placed to leverage its existing streamlined businesses to take advantage of the opportunities that have been generated by the events of the last year. '

 The Company expects to report its half yearly results for the six months ended 30 June 2009 on 24 September 2009.

Enquiries:

Integrated Asset Management plc
Emanuel Arbib, Chief Executive
Tel: +44 20 7514 9200 
Fax: +44 20 7514 9202 
arbib@integratedam.com

Noble & Company Limited
John Riddell, Director
Tel: +44 20 7763 2200
Fax: +44 20 7763 2398 
john.riddell@noblegp.com 

Words and expressions defined in the circular sent to shareholders of the Company and dated 18 May 2009, unless the context otherwise requires, bear the same meaning as used in this announcement.