Strong Results Drive Timken to Renew Procurement Partnership with ICG Commerce

Highly Engineered Bearings and Alloys Manufacturer Extends Agreement for Five Years, Expands Initiative to Include Full Procurement BPO

PHILADELPHIA - Monday, July 10, 2006 - ICG Commerce, a leading procurement services provider, 
today announced a long-term extension of its strategic procurement engagement with the Timken 
Company (NYSE: TKR), a $5.2 billion industrial technology company. The renewal extends 
through April 2011 and includes a major expansion of the initiative in which ICG Commerce will 
provide full business process outsourcing (BPO) services to help the company manage 
transportation, plant services and maintenance/repair/overhaul (MRO) buying categories for the 
company while also supporting sourcing-related activities in the areas of travel and packaging.

The new agreement builds on the strong results of a partnership that began in April 2002. By 
moving from regional to national sourcing and taking a comprehensive approach to procurement 
by leveraging ICG Commerce resources, expertise and technology, Timken was able to accelerate 
the realization of savings while creating centralized purchasing capabilities to support its 
expanding global manufacturing operation. The expansion included the acquisition and successful 
integration of Torrington in early 2003.  "Timken has realized significant savings through ICG 
Commerce's strategic and comprehensive approach to procurement," said Glenn Eisenberg, 
executive vice president of finance and administration for the Timken Company.  "We look 
forward to the next step in our partnership with ICG Commerce and achieving even greater 
results over the next five years."

"While we have always had a progressive procurement organization, the continuing growth of our 
business and the increasing breadth of our product portfolio created a need to develop an 
infrastructure for managing complex supply bases and, at the same time, simplifying the 
procurement process," said Mike Hill, senior vice president of supply chain management for the 
Timken Company. "In order to fully realize the savings goals set for the company, we recognized 
that we would have to evolve our procurement initiative from a series of sourcing events to a 
more comprehensive, holistic program including implementation, transaction management and 
category management services as well as process and technology improvements. ICG Commerce 
has played a key role in making that happen."

The procurement synergies gained over the past four years have led Timken to fully leverage ICG 
Commerce to help them manage a large percentage of its indirect spend.  In total, the agreement 
covers nearly 25 buying categories feeding into 40 plus facilities across North America. 

The move is reflective of the growing trend toward procurement BPO, where ICG Commerce 
stands as the market share leader, according to multiple industry experts.

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About The Timken Company
The Timken Company (NYSE: TKR) (www.timken.com) is a leading international developer of 
highly engineered bearings, alloy and specialty steels and components, as well as a provider of 
related products and services. With operations in 27 countries, the company employs about 
26,000 people worldwide and recorded 2005 sales of U.S. $5.2 billion.

About ICG Commerce, Inc. 
ICG Commerce (www.icgcommerce.com) is a leading Procurement Services Provider exclusively 
focused on helping companies buy more effectively and efficiently in order to reduce costs significantly 
and continuously. The company offers an unmatched combination of process and category expertise, 
market insights and benchmarks and a world-class operational Buying Center to deliver Sourcing and 
Procurement Outsourcing Services. ICG Commerce Inc., a privately held company founded in 1992, is a 
member of Internet Capital Group's (Nasdaq: ICGE) network of partner companies. For four consecutive 
years, ICG Commerce has been as a Forbes Best of the Web: B2B honoree, and the company also has had 
multiple executives recognized in Supply & Demand Chain Executive magazine's annual "Pros to Know" 
listing.

Contacts:
Christen Melcher
ICG Commerce
484-690-5005
cmelcher@icgcommerce.com 

Nevin Reilly
Sloane & Company
212-446-1893
nreilly@sloanepr.com