The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in bearings and power transmission products, today announced the pricing of $350 million aggregate principal amount of 4.125% senior unsecured notes due in 2032 (the "Notes") in an underwritten public offering. The Notes will be issued at 98.373 percent of par, and the offering is expected to close on or about March 28, 2022, subject to the satisfaction of customary closing conditions.

BofA Securities, Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are serving as joint book-running managers for the offering.

Timken intends to use the net proceeds from the offering of the Notes to repay borrowings outstanding under its senior unsecured revolving credit facility and its accounts receivable facility. Timken intends to use any remaining net proceeds from the offering of the Notes for general corporate purposes.

The Notes are being offered pursuant to an effective shelf registration statement that has previously been filed with the Securities and Exchange Commission (the "SEC"). The offering will be made solely by means of a prospectus supplement and accompanying prospectus (together, the "Prospectus") filed with the SEC. You may obtain these documents without charge from the SEC at www.sec.gov. Alternatively, you may request copies of these documents by calling BofA Securities, Inc. toll free at 1-800-294-1322, J.P. Morgan Securities LLC toll free at 1-866-803-9204, or Morgan Stanley & Co. LLC toll free at 1-866-718-1649.

This release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale is not permitted.