Titan Europe plc
("Titan Europe" or "the Company")

The Company was informed on 13 January 2009 that on 12 January 2009 Titan Luxembourg Sarl, a subsidiary of Titan International, Inc., bought 2,079,600 Ordinary Shares at 35p per share in the Company. In addition, on 13 January 2009 Titan Luxembourg Sarl bought 339,000 Ordinary Shares at 31.5p per share in the Company. Maurice Taylor is a director of Titan Luxembourg Sarl and is the non-executive chairman of Titan Europe.

Following these purchases, Titan Luxembourg Sarl has an interest in a total of 16,725,224 ordinary shares representing approximately 20.16 per cent. of the issued share capital of the Company.