Timken Declares Quarterly Dividend

CANTON, Ohio, Nov. 3, 2006 -- The board of directors of The Timken Company today declared a quarterly cash dividend of 16 cents per share. The dividend is payable on Dec. 5, 2006, to shareholders of record as of Nov. 17, 2006. It will be the 338th consecutive dividend paid on the common stock of the company.

About The Timken Company

The Timken Company (www.timken.com) keeps the world turning, with innovative ways to make customers' products run smoother, faster and more efficiently. Timken's highly engineered bearings, alloy steels and related products and services turn up everywhere. With operations in 27 countries, sales of $5.2 billion in 2005 and 27,000 employees, Timken is Where You Turn(TM) for better performance.

NEWS MEDIA CONTACT: Jeff Dafler, Manager - Global Media Relations and Government Affairs, Telephone: (330) 471-3514, Facsimile: (330) 471-4118, jeff.dafler@timken.com

INVESTOR CONTACT: Steve Tschiegg, Manager - Investor Relations, Telephone: (330) 471-7446, Facsimile: (330) 471-2797, steve.tschiegg@timken.com

  For Additional Information:
  www.timken.com/media
  www.timken.com/investors