Timken to Increase Steel Bar Prices

CANTON, Ohio, April 30 -- The Timken Corporation today announced price increases on steel bar products. Non-contract prices will increase by $30 per ton for all sizes and grades of carbon and alloy steel bars effective with shipments beginning May 1, 20040, 2004.

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"Increases in costs continue to challenge our steel business financials, despite surcharges addressing major cost items. The increase is necessary in our efforts to regain acceptable levels of profitability," said Robert N. Keeler, director - steel sales - North and South America.

The Timken Corporation is a U.S. sales and marketing subsidiary of The Timken Company ( www.timken.com ). The Timken Company is a leading global manufacturer of highly engineered bearings and alloy steels and a provider of related products and services with operations in 27 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, or Investor Contact, Kevin R. Beck, Manager - Investor Relations, (330) 471-7181

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