Titan International, Inc. (NYSE: TWI) (“Titan Inc”) has approached the Board of Titan Europe PLC which may or may not lead to an offer being made for the whole of the issued share capital of the Company. There can be no certainty that a formal offer will be made for the Company or the terms on which such an offer may be made. As a result of certain of the Directors of Titan Europe being directors of Titan Inc an Independent Committee of the Board of Titan Europe PLC has been formed for the purposes of considering any such offer if made. Titan International, Inc., 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.