Titan International, Inc. Announces Third Quarter Cash Dividend

QUINCY, Ill.--Sept. 10, 2004--The Board of Directors of Titan International, Inc. has approved a quarterly cash dividend of $.005 (one half cent) per common share for the third quarter of 2004. The cash dividend is payable October 15, 2004, to stockholders of record on September 30, 2004.

Titan is a 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.