Timken Increases Quarterly Dividend to 17 Cents

CANTON, Ohio--(BUSINESS WIRE)--Aug. 3, 2007--The board of directors of The Timken Company (NYSE:TKR) today declared a quarterly cash dividend of 17 cents per share, an increase of 1 cent per share. The dividend is payable on Sept. 5, 2007, to shareholders of record as of Aug. 17, 2007. It will be the 341st 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 $5.0 billion in 2006, operations in 26 countries and approximately 25,000 employees, Timken is Where You Turn™ for better performance.

CONTACT: The Timken Company
News Media Contact:
Jeff Dafler, 330-471-3514
Manager - Global Media Relations
and Government Affairs
Facsimile: 330-471-4118
jeff.dafler@timken.com
or
Investor Contact:
Steve Tschiegg, 330-471-7446
Manager - Investor Relations
Facsimile: 330-471-2797
steve.tschiegg@timken.com
or
For Additional Information:
www.timken.com/media
www.timken.com/investors

SOURCE: The Timken Company

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