Timken sells 5.0M TIL shares for >$230M; ownership drops to 51.05%

TIMKEN CO

Gross proceeds over $230M from sale of 5.0M shares of Timken India Limited.
Ownership reduced from 57.70% to 51.05%; Timken retains controlling interest.
Net proceeds to support 2024 capital allocation priorities; expected accretive to 2024 EPS.
No further share sales planned; Indian market remains strategically important.

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