The Timken Company Charitable and Educational Fund Donation Supports UNICEF's Global Vaccine Distribution Goal

Contribution assists safe and equitable delivery of COVID-19 vaccines to communities in need

The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today announced a $75,000 donation through The Timken Company Charitable and Educational Fund to support UNICEF's equitable vaccine distribution efforts around the globe.

As part of COVAX, the largest and fastest immunization campaign in world history, UNICEF is leading the delivery of up to 2 billion COVID-19 vaccine doses to more than 180 countries in 2021. To date, more than 420 million COVAX vaccines have been shipped.

"There is an obvious and critical need to get vaccines distributed quickly and safely to as many people as possible, and we are proud to support UNICEF's efforts to address this worthy objective," said Hansal Patel, Timken vice president, general counsel and secretary, who also serves as a leader for Timken's corporate social responsibility efforts (CSR). "With the infrastructure, expertise and buying power to spearhead this enormous undertaking, UNICEF is an ideal partner for Timken and complements our CSR initiatives to create a more resilient world."

Contributing to UNICEF's equitable vaccine efforts is just one demonstration of Timken's commitment to supporting individuals and families during the pandemic. The company has responded globally with both financial and in-kind donations, including a $175,000 contribution to Feeding America, which supports 200 food banks, pantries and meal programs that serve 40 million people across the United States. Timken also contributed to the United Way COVID-19 Impact Fund to help people in need with rent and mortgage payments, temporary shelter, food, clothing and medical supplies.

Around the world, Timken has contributed to pandemic relief in a number of other ways. In China and Europe, the company donated personal protective equipment (PPE), sanitizers and other supplies to help prevent the spread of COVID-19. In India, Timken donated four large-capacity oxygen generators to hospitals in Bangalore and Chennaiand contributed to a fund to provide food for those in need and PPE for frontline healthcare workers.

Additionally, Timken associates contributed in many individual ways to help communities stay protected and recover from the impacts of the pandemic, including making donations to our Timken matching-gift program.