The Timken Company (NYSE: TKR) board of directors yesterday declared a quarterly cash dividend of 23 cents per share. The dividend is payable on Sept. 5, 2012, to shareholders of record as of Aug. 21, 2012.

This marks the 361st consecutive quarterly dividend paid on the common stock of the company since Timken was listed on the New York Stock Exchange in 1922 – one of the longest running dividend records among NYSE-listed companies.

About The Timken Company

The Timken Company (NYSE: TKR; www.timken.com) keeps the world turning with innovative friction management and mechanical power transmission products and services that help machinery perform more efficiently and reliably. With sales of $5.2 billion in 2011 and approximately 21,000 people operating in 30 countries, Timken is Where You Turn® for better performance.

Contacts - Media: Pat Carlson: 330.471.3514; pat.carlson@timken.com; Investors: Steve Tschiegg, Ofc: 330.471.7446. steve.tschiegg@timken.com, The Timken Company.

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