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SAN DIEGO INDUSTRY NOTES

September 15, 1987

Titan Corp.'s board of directors has authorized an odd-lot tender offer program under which the company will purchase shares of its preferred stock at a price not to exceed $12.50 per share and its common stock at a price not to exceed $7.50 per share for an aggregate purchase price of not more than $500,000. The offer will be extended to shareholders who owned 99 or fewer shares as of Sept. 10.

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