The Timken Company Voluntary Employees'

The Timken company Voluntary employees' beneficiary association trust (the "veba trust") was organized solely for the purpose of and is involved only in the activities associated with funding life, sick, accident, medical, dental, vision, pharmaceutical and related benefits ("health and welfare benefits") provided to current and former employees (and their eligible dependents) of the Timken company (and certain other employers related through internal revenue code section 414)(the "company"), who are or were members of a bargained unit represented by the United steel, paper and forestry, rubber, manufacturing energy, allied industrial and service workers international union and its constituent local union no. 1123 (the union"), and who are eligible to participate in the Timken company bargaining unit welfare benefit plan (the "welfare plan").