Titan International, Inc. Announces First Quarter Cash Dividend

QUINCY, Ill., March 10 -- The Board of Directors of Titan International, Inc. has approved a quarterly cash dividend of $.005 (one half cent) per common share for the first quarter of 2003. The cash dividend is payable April 15, 2003, to stockholders of record on March 31, 2003.

Titan is a global supplier of mounted wheel and tire systems for off- highway equipment used in agriculture, earthmoving/construction, and consumer (i.e. all terrain vehicles and trailers) applications. Titan has manufacturing and distribution facilities worldwide.