Timken to Increase Seamless Steel Tubing Prices

The Timken Company (NYSE: TKR) today announced it will increase prices by 5 percent on all carbon and alloy grade tubing products. The price change will be effective with shipments beginning on August 14, 2006. Raw material and fuel surcharges will remain in effect. About The Timken Company The Timken Company (NYSE: TKR, http://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.