Timken to Increase Prices on Cold-Drawn Tubing

Resource from: CBCC Likes:2955

Aug 31,2010

CANTON, Ohio: August 30, 2010 — The Timken Company (NYSE: TKR) today announced it will increase prices on cold-drawn carbon and alloy seamless mechanical tubing by up to 30 percent, depending on the size and product specification. This price increase is effective with shipments beginning on October 1, 2010. Raw material surcharges will remain in effect. About The Timken Company: The Timken Company (NYSE: TKR, http://www.timken.com) keeps the world turning with innovative friction management and power transmission products and services, enabling our customers’ machinery to perform more efficiently and reliably. With sales of $3.1 billion in 2009, operations in 27 countries/territories and approximately 17,000 employees, Timken is Where You Turn® for better performance. The Timken Company: Media Contact: Lorrie Paul Crum Manager – Global Media and Strategic Communications Mail Code: GNW-37 1835 Dueber Avenue, S.W. Canton, OH 44706 U.S.A. Office: (330) 471-3514 Facsimile: (330) 471-7032 lorrie.crum@timken.com Investor Contact: Steve Tschiegg Director – Capital Markets and Investor Relations Mail Code: GNE-26 1835 Dueber Avenue, S.W. Canton, OH 44706 U.S.A. Office: (330) 471-7446 Facsimile: (330) 471-2797 steve.tschiegg@timken.com For Additional Information: www.timken.com/media www.timken.com/investors

(CBCC)

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