TKR Timken Co

Timken to Increase Tool Steel Prices LATROBE, Pa., Oct. 20 /PRNewswire-FirstCall/ -- Timken Latrobe Steel, a subsidiary of The Timken Company, announced it would increase prices by 6 to 8 percent on rounds, plate and flats tool steel and alloy products. The price change is effective with shipments beginning on November 1, 2004. Raw material surcharges will remain in effect. (Logo: http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) "High energy, scrap and production costs are reasons for this price increase," said David A. Murray, vice president - sales and marketing - Timken Latrobe Steel. Timken Latrobe Steel is a leading specialty steel producer in North America. The Timken Company (NYSE:TKR) ( 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. Media Contact: Robert G. Bourquin, Senior Communications Representative, (330) 471-7106, http://www.timken.com/media , or Investor Contact: Kevin R. Beck, Manager - Investor Relations, (330) 471-7181 http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO http://photoarchive.ap.org/ DATASOURCE: The Timken Company CONTACT: Media, Robert G. Bourquin, Senior Communications Representative, +1-330-471-7106, or Investors, Kevin R. Beck, Manager - Investor Relations, +1-330-471-7181, both of The Timken Company Web site: http://www.timken.com/ http://www.timken.com/media

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