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

The Company was informed on 14 January 2009 that on 14 January 2009 Titan Luxembourg Sarl, a subsidiary of Titan International, Inc., bought 2,268,597 Ordinary Shares at 35p 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 18,993,821 ordinary shares representing approximately 22.89 per cent. of the issued share capital of the Company.