Titan International, Inc. Announces Second Quarter Cash Dividend

QUINCY, Ill., June 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 second quarter of 2003. The cash dividend is payable July 15, 2003, to stockholders of record on June 30, 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.