Titan approves 4Q dividend

March 10, 2004

Titan International Inc.'s board of directors approved a quarterly dividend of $.005 per share on its common stock. The dividend is payable April 15, 2004, to shareholders of record on March 31, 2004.

Titan's common stock closed at $5.70 a share on the New York Stock Exchange on March 9. That compares to a 52-week high of $6.39 and low of $.62.

Titan recently reported a $36.6 million loss on net sales of $491.6 million for 2003; sales increased 6.2% vs. 2002.