Issued by Citigate Dewe Rogerson Ltd, Birmingham
Date: Monday, 12 May 2008


Titan Europe Plc
Titan strengthens its South American presence with new Wheels agreement with Vale


International engineering group, Titan Europe Plc ('Titan Europe') is pleased to
announce that the Company has been awarded approved supplier status with one of the largest global mining companies in the world, Vale (formally CVRD) of Brazil which is also the world's largest iron ore miner.

The prestigious wheels agreement, which commences in May 2008, is to supply wheels and provide after-sales service to Vale's activities throughout Brazil; sales by Titan Europe are expected to start at around US$1.0 million per annum.

John Wheelwright, Commercial Director, Titan Europe commented:

"This is a significant achievement by our South American teams led by Hector
Ramirez, the Managing Director of our Chilean and Peruvian facilities. It also
clearly demonstrates Titan Europe's commitment to the mining sector and our
strategy to provide customers' product solutions and after-sales service local
to their needs.

"It is particularly pleasing that this agreement has been secured as it is
in-line with our plans and expectations to expand the revolutionary Outside
Vertical Mount Wheel (OVM) range to the South American mining market.

"The industry-famous OVM range of large mining wheels has been developed by our trading subsidiary, Titan Wheel & Rims in Australia where it commands a market leading position in that region. The revolutionary OVM design reduces downtime by allowing tyre changes to take place in a fraction of the time than with traditional wheels. This in turn delivers significant cost savings to the mines as well as reducing health & safety risks."

He concluded:

"We are delighted to be working with such a prestigious global company as Vale and I am sure that together we will be able to grow further and increasingly add value to our existing and new customers as we build the partnership over time."


Enquiries:
Mike Akers, Chief Executive or
John Wheelwright, Commercial Director
Titan Europe Plc
Tel: +44 (0) 1562 850561
www.titaneurope.com
Ticker: AIM: TSW.L

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

Fiona Tooley, Director
Keith Gabriel, Senior Account Executive
Citigate Dewe Rogerson Ltd
Tel: +44 (0) 121 455 8370
Mobile: +44 (0) 7770 788624



Editors Notes:


Titan Europe Plc
www.titaneurope.com

Titan Europe is an international engineering group designing, developing manufacturing and distributing wheels, undercarriage components and assemblies for tracked and off-road vehicles serving the global mining, construction and agricultural industries and their associated after-markets.

The Group which operates through 10 sites across Europe, Australia, South America, India and China and employs 2,800 people worldwide is renowned for its technical innovation and providing integrated solutions to its OEM customers through both local and global presence.

Vale - formerly CVRD (Companhia Vale do Rio Doce)
www.vale.com

Vale is a global company headquartered in Brazil, with a workforce of over 100,000 employees, including outsourced workers. It is the second largest diversified metals and mining company in the world.

It is also the world's largest producer of iron ore and pellets, key raw materials for the steel industry, and one of the largest producers of nickel, which is used to produce stainless steel, batteries, special alloys, chemicals and other products. Vale also produces copper, manganese, ferroalloys, bauxite, alumina, aluminium, coal, among other raw materials important to the global industrial sector.

It is the largest publicly traded company in Latin America by market capitalization (approximately US$ 150 billion).