The Timken Company Declares Quarterly Dividend

CANTON, Ohio, Aug. 6, 2004 -- The board of directors of The Timken Company today declared a quarterly cash dividend of 13 cents per share. The dividend is payable on September 8, 2004 to shareholders of record as of August 20, 2004. It will be the 329th consecutive dividend paid on the common stock of the company.

The Timken Company ; ( http://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 27 countries. A Fortune 500 company, Timken recorded 2003 sales of $3.8 billion and employed approximately 26,000 at year-end.