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| News Release from Titan International, Inc.
June 17, 2008Titan International Inc. Offer Update on Titan Europe Plc
QUINCY, Ill.-Titan International Inc. filed a Preliminary Proxy with the Securities and Exchange Commission (SEC) on April 12, 2008. The Preliminary Proxy stated that a special meeting of Titan International Inc. stockholders would be held to approve the issue of up to 9,000,000 shares of Titan International Inc.'s common stock. In order to reach this step, the company needs to file interim data for both Titan International Inc. and Titan Europe Plc through June 30, 2008, in a final proxy. This information should be available at the end of July 2008, and then the Titan Europe Plc information must be reconciled with U.S. Generally Accepted Accounting Principles (GAAP). If the information is obtained by the end of July 2008, Titan anticipates it will be able to file a final Proxy with the SEC by the end of August. The stockholders meeting will be held 30 days after the filing of the final proxy to vote on the issuance of up to 9,000,000 shares of Titan International Inc. common stock.
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. For more information, visit www.titan-intl.com.
Contact: Titan Communications, (217) 221-4489
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