Titan Europe PLC
27 March 2008

TITAN EUROPE PLC ("Titan Europe" or "the Company" or "the Group")

"Manufacturers of "off-highway" wheels and undercarriages for the global
Construction, Agricultural and Mining markets"

2007 Preliminary Results

Financial Highlights:

• Revenue up 4.8% to £385.8m (2006: £368.0m)
• Trading profit up 5.6% to £31.9m (2006: £30.2m)
• Profit from operations up 10.2% to £30.2m (2006: £27.4m)
• Profit before income tax up 49.3% to £21.5m (2006: £14.4m)
• Profit for the year up 85.7% to £14.3m (2006: £7.7m)
• Net cash inflow from operating activities up by 474.2% to £35.6m (2006: £6.2m)
• Basic earnings per share up 82.3% at 17.32p (2006: 9.50p)
• Basic earnings per share excluding exceptional items up 39.7% at 18.78p (2006: 13.44p)
• Proposed final dividend of 4.33p per ordinary share - total dividend for the year up 8.3% to 6.5p (2006: 6.0p)

"In a year during which our markets showed significant swings in sentiment and wide geographic variances Titan Europe has been able to produce increases to record levels in all of its major metrics. These have been achieved against a background of major weakening in the North American Construction market which has affected Titan Europe's Undercarriage business where revenues fell by nearly £20m. All our other geographical markets recorded increases."

"Titan Europe is the only global specialist manufacturer of both tracked and wheeled vehicle movement systems for the Construction, Agricultural and Mining Industries. This spread of markets exposes the Group to a wide range of trading environments and coupled with our worldwide presence puts the Group in a relatively strong position. Today we are experiencing growth in Mining products in South America, Australia and European markets, and agricultural wheels in the Continental European countries counterbalancing the slowdown in the Construction market mainly suffered in North America."

"Despite the uncertainty around the global economy the trading environment experienced in 2007 seems set to continue in 2008."

Enquiries:

Mike Akers, Chief Executive Titan Europe PLC, Tel: +44 (0) 1562 850561, www.titaneurope.com
Mark Percy, Seymour Pierce, Tel:+44 (0) 20 7107 8000
Fiona Tooley, Citigate Dewe Rogerson Ltd, Tel:+44(0) 121 455 8370, Mobile: +44 (0) 7785 703 523

The full statement can be found on this website. Click the Investors tab, and then the Reports tab