QUINCY, Ill.–(Business Wire)–
Titan International, Inc. (NYSE: TWI) today announced that the tender offer for
its 8% Senior Unsecured Notes due 2012 (the “Senior Notes”) expired at 12:00
midnight, New York City time, on June 10, 2010 (the “Expiration Time”). As of
the Expiration Time, according to information provided by the tender agent,
$47,352,000 principal amount of the Senior Notes, representing 24.4% of the
principal amount outstanding, had been validly tendered and not validly
withdrawn, of which $46,352,000 aggregate principal amount, representing
approximately 23.9% of the principal amount outstanding had been validly
tendered on or before 5:00 p.m., New York City time, on May 26, 2010 (the “Early
Tender Time”). All Senior Notes validly tendered and not validly withdrawn have
been accepted for payment.

In connection with Titan`s previously announced early settlement election, Titan
paid $1,050 per $1,000 principal amount of Senior Notes (the “Total
Consideration”) to holders of the Senior Notes, who tendered their Senior Notes
prior to the Early Tender Time, on June 7, 2010. The Total Consideration
included an early tender premium of $50 per $1,000 principal amount of Senior
Notes. Holders of these Senior Notes also received accrued and unpaid interest
up to but not including the settlement date of June 7, 2010.

Holders of the Senior Notes who validly tendered their Senior Notes after the
Early Tender Time, but on or prior to the Expiration Time, and did not validly
withdraw such Senior Notes and which Senior Notes have been accepted for
purchase, will receive the tender offer consideration of $1,000 per $1,000
principal amount of Senior Notes (the “Tender Offer Consideration”). There was
$1,000,000 principal amount of Senior Notes tendered after the Early Tender
Time, but on or prior to the Expiration Time. Holders of the Senior Notes
tendered after the Early Tender Time will not receive the early tender premium.
On June 14, 2010, Titan shall pay the Tender Offer Consideration and accrued and
unpaid interest up to but not including the settlement date of June 14, 2010, to
the holders of the Senior Notes, who tendered their Senior Notes after the Early
Tender Time but on or prior to the Expiration Time.

The sole dealer manager for the tender offer was Goldman, Sachs & Co and Global
Bondholder Services Corporation was the information agent for the tender offer.
The tender offer was made solely by means of the offer to purchase, the related
letter of transmittal and the press release, dated May 27, 2010. Under no
circumstances shall this press release constitute an offer to purchase or the
solicitation of an offer to sell the Senior Notes or any other securities of the
company.

This press release includes forward-looking statements that involve risks and
uncertainties, including risks as detailed in Titan International, Inc.`s
periodic filings with the Securities and Exchange Commission, including its
annual report on Form 10-K for the year ended December 31, 2009. The company
cautions that any forward-looking statements included in this press release are
subject to a number of risks and uncertainties and the company undertakes no
obligation to publicly update or revise any forward-looking statements.

Titan International, Inc., a holding company, owns subsidiaries that supply
wheels, tires and assemblies for off-highway equipment used in agricultural,
earthmoving/construction and consumer (including all terrain vehicles)
applications.

Titan International, Inc.
Courtney Leeser
Communications Coordinator
(217) 221-4489

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