Timken to Increase Tubing Steel Prices

CANTON, Ohio, June 8 /PRNewswire-FirstCall/ -- The Timken Corporation announced it would increase prices on tubular steel products by 3-1/2 to 10 percent, depending on size, grade and finish of the steel. Double thermal- treated products will increase an additional 2 percent. These price increases apply to new orders received after June 14, 2004 and to existing orders promised for shipment on October 1, 2004 and after. Raw material surcharges will remain in effect.

The Timken Corporation is a U.S. sales and marketing subsidiary of The Timken Company (NYSE: TKR, www.timken.com) is a leading global manufacturer of highly engineered bearings and alloy steels and a provider of related products and services with operations in 29 countries. The company recorded 2003 sales of $3.8 billion and employed approximately 26,000 at year-end.

Media Contact: Robert G. Bourquin, Senior Communications Representative, (330) 471-7106, http://www.timken.com/media

Investor Contact: Kevin R. Beck, Manager - Investor Relations, (330) 471-7181

SOURCE The Timken Company

CONTACT: Media, Robert G. Bourquin, Senior Communications
Representative, +1-330-471-7106, or Investors, Kevin R. Beck, Manager -
Investor Relations, +1-330-471-7181, both of The Timken Company
Web site: http://www.timken.com
http://www.timken.com/media

(TKR)

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Mail Code: TCH-03
The Timken Company
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North Canton, OH 44720
Email: investors@timken.com

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Mail Code: TCH-03
The Timken Company
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