Titan Files Preliminary Proxy Statement

QUINCY, Ill.—Titan International Inc. (“Titan”) filed a preliminary proxy statement on Friday, April 11, 2008, regarding a special meeting of Titan stockholders. The special meeting would be to approve the issuance of up to 9,000,000 shares of the company’s Common Stock in connection with a proposed offer to purchase up to all of the outstanding ordinary shares of Titan Europe Plc (“Titan Europe”).

Before the offer may be made, the company’s stockholders would need to approve the issuance of up to 9,000,000 shares of the company’s common stock to acquire Titan Europe. The making of the proposed offer would also be subject to various approvals and pre-conditions. There can be no assurance that all conditions would be met and that the proposed offer would be made, or that it would be successful if made. This proxy is preliminary and is subject to approval by the Securities and Exchange Commission before a definitive proxy could be issued and the special Titan stockholder meeting arrangements would be made.

Titan International, Inc. (NYSE: TWI), a holding company, owns subsidiaries that supply wheels, tires and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all terrain vehicles) applications. 

Contact: Titan Communications (217) 221-4489