EXHIBIT 99.1

                    The Timken Company Announces Offering of
                      $ 250 Million of 5.75% Notes due 2010

CANTON, Ohio, Feb. 12 - The Timken Company (NYSE: TKR) today announced the
pricing of its public offering of $250 million aggregate principal amount of its
5.75% Notes due 2010. The transaction is expected to close on February 18, 2003.
The net proceeds of the offering will be used to fund a portion of the cash
consideration for Timken's pending $840 million acquisition of the Engineered
Solutions business of Ingersoll-Rand Company Limited. On February 11, 2003,
Timken priced its public offering of 11 million shares of its common stock, the
net proceeds of which will be used for the same purpose. The closing of the
notes offering is conditioned on the closing of the common stock offering and
the acquisition. The notes offering has been managed by Banc of America
Securities LLC, Merrill Lynch & Co. and Morgan Stanley & Co. Incorporated as
joint book-running managers.

This press release shall not constitute an offer to sell or the solicitation of
an offer to buy these securities, nor shall there be any sale of these
securities, in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
any such jurisdiction. The offering of these securities may be made only by
means of the prospectus and related prospectus supplement included in the
registration statement. Copies of such documents may be obtained from the
managers for the offering at the following addresses: Banc of America Securities
LLC, 9 West 57th Street, 30th Floor, New York, New York 10019, Merrill Lynch, 4
World Financial Center, New York, New York 10281, or Morgan Stanley, 1585
Broadway, New York, New York 10036.

The Timken Company is a leading international manufacturer of highly engineered
bearings, alloy and specialty steels and components, as well as a provider of
related products and services. With operations in 24 countries, the company
employs about 18,000 people worldwide and recorded 2002 net sales of U.S. $2.6
billion.

Certain statements in this press release (including statements regarding
Timken's forecasts, beliefs and expectations) that are not historical in nature
are "forward-looking" statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Timken cautions that actual results may differ
materially from those projected or implied in forward-looking statements due to
a variety of important factors, including financing and other closing risks
associated with the consummation of the acquisition mentioned above; the
uncertainties in both timing and amount, if any, of actual benefits realized
through economies of scale, elimination of duplicative costs, operating
efficiencies and enhanced productivity through the integration of the acquired
business with Timken's operations; risks associated with diversion of
management's attention from routine operations during the integration process;
risks associated with the greater level of debt associated with the combined
companies; and factors related to conditions in the capital markets and Timken's
ability to successfully complete the offerings described above. These and
additional factors are described in greater detail in Timken's 2001 Annual
Report, page 39, its Annual Report on Form 10-K for the year ended December 31,
2001 and its quarterly reports on Form 10-Q for the periods ended March 31, June
30 and September 30, 2002 and in the prospectus supplements and the accompanying
prospectus related to the offerings described above.





Except as required by federal securities laws, Timken undertakes no obligation
to update or revise any forward-looking statement.