Integrated Asset Management Announces the Completion of the Sale of GAIM Paragon Israel to Clal Finance
October 10, 2005

LONDON, October 10, 2005 - Integrated Asset Management plc ("Integrated"), the global alternative investment group listed on the Alternative Investment Market (AIM) of the London Stock Exchange, announced today that GAIM Paragon Inc, (its 50.1% subsidiary), completed the sale of its Israeli subsidiary, GAIM Paragon (Israel) Limited, to Clal Finance, Israel's largest insurance and asset management company.

GAIM Paragon Israel, which manages approximately US$45 million of discretionary funds, is recognised in the Israeli financial markets for its expertise in international discretionary portfolio management.

In connection with the sale, Integrated and Clal Finance are exploring substantive ways in which Integrated may provide hedge fund investments to Clal Finance's proprietary portfolio and third party clients in Israel.

Emanuel Arbib, Chief Executive of Integrated, commented, "The agreement with Clal Finance fits into our strategic plan to increasingly focus our business on alternative asset management and to move away from non-core activities, while potentially allowing us to realise good value in the sale. In addition, we expect this transaction will mark the beginning of a strong relationship with Clal Finance, one of the leading financial companies in the Middle East."

Integrated Asset Management plc
Integrated Asset Management plc is a global alternative investment group listed on the Alternative Investment Market (AIM) of the London Stock Exchange.
Integrated Asset Management's core businesses are fund of hedge fund management and institutional brokerage services. The company, founded in 1997, currently has in excess of $650 million assets under management and advice.