CANTON, Ohio – Aug. 1, 2008 – The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 18 cents per share, an increase of 1 cent per share.  The dividend is payable on Sept. 2, 2008, to shareholders of record as of Aug. 15, 2008.  It will be the 345th consecutive dividend paid on the common stock of the company.

About The Timken Company

The Timken Company (NYSE: TKR, www.timken.com) keeps the world turning, with innovative friction management and power transmission products and services, enabling our customers to perform faster and more efficiently. With sales of $5.2 billion in 2007, operations in 27 countries and approximately 25,000 employees, Timken is Where You Turn™ for better performance.

Source: The Timken Company

Media Contact:  Jeff Dafler
Manager – Global Media & Government  Relations
Mail Code: GNW-37
1835 Dueber Avenue, S.W.
Canton, OH 44706 U.S.A.
Telephone: (330) 471-3514 
Facsimile: (330)  471-7032
jeff.dafler@timken.com

Investor Contact: Steve Tschiegg

Manager – Investor Relations
Mail Code: GNE-26
1835 Dueber Avenue, S.W.
Canton, OH 44706 U.S.A.
Telephone: (330) 471-7446
Facsimile: (330) 471-2797
steve.tschiegg@timken.com

For Additional Information:
www.timken.com/media

www.timken.com/investors