Titan International, Inc. Announces Fourth Quarter Cash Dividend

QUINCY, Ill.--Dec. 1, 20040, 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 fourth quarter of 2004. The cash dividend is payable January 14, 2005, to stockholders of record on December 31, 2004.

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 (i.e. all terrain vehicles and trailers) applications.