02/06/09 - Grant of options

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

Following the announcement on the 22 May 2009 of the Company's preliminary results, the Company announces that it has granted options to members of the board, all at 40 pence per share under the Titan Europe Plc unapproved share option scheme. The options are exercisable, once certain performance related criteria have been met, from 1st June 2012 until 1st June 2019.

In addition, options granted to certain directors under the 2004 and 2005 Titan Europe Plc unapproved share option schemes have been cancelled.

Director	Number of options granted 1 June 2009	Number of existing options cancelled	Number of options outstanding
JMA Akers	1,710,000	1,710,000	1,710,000
MC La Manna	660,000	660,000	660,000
G Chesterton	200,000	-	200.000
VMR Wicks	180,000	180,000	180,000
EH Billig	180,000	180,000	180,000
MM Taylor	180,000	180,000	180,000
PA Gartside	180,000	180,000	180,000

In addition, on 1 June 2009 the Company granted, in aggregate, a further 600,000 options over ordinary shares, replacing 600,000 options previously granted which have now been cancelled, under the Titan Europe Plc unapproved share option scheme, to certain employees of the Company all at 40 pence per share.

Enquiries:
Mike Akers, Chief Executive
Titan Europe Plc
Today: +44 (0) 1562 850561

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

Fiona Tooley or Keith Gabriel
Citigate Dewe Rogerson Ltd
Tel:+44(0) 121 362 4035
Mobile: +44 (0) 7785 703523