Titan International, Inc. Announces Fourth Quarter Cash Dividend

QUINCY, Ill.--Dec. 1, 20030, 2003--The Board of Directors of Titan International, Inc. has approved a quarterly cash dividend of $.005 (one half cent) per common share for the fourth quarter of 2003. The cash dividend is payable January 15, 2004, to stockholders of record on December 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.