Date: 2013-08-01

Timken Announces Discussions Regarding Potential Sale of Needle Roller Bearings Business

The Timken Company (NYSE:TKR) today announced it is in advanced discussions regarding the potential sale of its Needle Roller Bearings Business. However, the company has not yet reached a definitive agreement regarding the sale. There can be no assurance that a definitive agreement will be reached, nor that a sale, which would be subject to certain closing conditions, will be completed.

About The Timken Company
The Timken Company (NYSE: TKR, http://www.timken.com) keeps the world turning, with innovative friction management and power transmission products and services, enabling our customers to perform faster and more efficiently. With sales of $5.7 billion in 2008 and operations in 26 countries, Timken is Where You Turn™ for better performance.

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