Company Press Releases

Titan Machinery

Titan Machinery Inc. Prices Initial Public Offering of Common Stock

Fargo, N.D. — (BUSINESS WIRE) December 6, 2007 — Titan Machinery Inc. (NASDAQ:TITN) announced today the pricing of its initial public offering of 6,000,000 shares of its common stock at a price of $8.50 per share. The Company is offering 4,542,395 shares of common stock and selling stockholders are offering the remaining 1,457,605 shares. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 900,000 shares of common stock at the initial public offering price to cover over-allotments, if any. The Company will not receive any of the proceeds from the sale of shares by the selling stockholders.

Shares of the Company's common stock will trade on the Nasdaq Global Market under the symbol "TITN."

Craig-Hallum Capital Group and Robert W Baird & Co. are acting as book-running managers for the offering. This offering is being made solely by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained from Craig-Hallum Capital Group at 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, (612) 334-6300.

About Titan Machinery Inc:
Titan Machinery Inc., founded in 1980 and headquartered in Fargo, North Dakota, owns and operates one of the largest networks of full service agricultural and construction equipment stores in North America. Titan Machinery Inc. maintains a network of 35 stores in North Dakota, South Dakota, Minnesota, and Iowa. Additional information about Titan Machinery Inc. can be found at www.titanmachinery.com.