Issued by Citigate Dewe Rogerson, Birmingham
Date: 20 February 2009
Immediate Release

Titan Europe Plc
("Titan Europe" or the "Group")

The Board anticipates announcing the Group's preliminary results for the year ended 31 December 2008 by the end of April 2009. We anticipate full year 2008 pre-tax pre-exceptional profits to be in-line with market expectations. Total revenues are expected to be around £450 million.

In light of the continuous changes in overall market conditions it is appropriate to make some comment on the Group's prospects for the financial year ending 31 December 2009.

In our December trading update we highlighted the significant increase in rescheduling or postponement of orders by our customers. This was a result of the further deterioration in their global markets, especially in construction related activities. As expected December saw a very significant decline in sales and manufacturing with volumes substantially lower than in previous periods and with constantly changing schedules.

As we entered the new financial year, we further reviewed the business during the first six weeks of 2009 and our volume forecast is based on this analysis. Most of our markets have continued to decline and therefore, against this backdrop and very limited forward visibility we have reduced our forecast sales volumes for 2009 to 30% below those of 2008. In light of this reduction in sales volume, we continue our programme of scaling back material inputs, manufacturing, people and investment plans in order to re-align our cost base to reflect the more challenging markets our industry is experiencing. Fixed costs are being reduced throughout the Group but care is being taken to preserve the Group's resources and investment in engineering, quality and technical sales.

Despite this tough backdrop it is worth noting that not all markets are equally affected and the Group is seeing some benefit from its product, market and geographic spread.

The Group continues to have regular dialogue with its banking syndicate and retains their support.

Dividend
The Directors believe that in view of the current uncertainties in the market, it would be prudent to preserve cash and therefore, the Directors will not be proposing a final dividend for the year ended 31 December 2008.


Enquiries:

Mike Akers, Chief Executive
Titan Europe Plc
Today: +44 (0) 1562 850561
www.titaneurope.com


Mark Percy
Seymour Pierce
Tel:+44 (0) 20 7107 8000


Fiona Tooley or Keith Gabriel
Citigate Dewe Rogerson Ltd
Tel:+44(0) 121 455 8370
Mobile: +44 (0) 7785 703523