Park-Ohio Holdings Corporation

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Chairman's Letter

For the fourth year in a row, our company has increased revenues and operating income; sales outside the United States in 2007 exceeded 29 percent of our total revenues. As we participate in the expanding global economy, we expect our results in 2008 to continue to improve.

Edward F. Crawford
Chairman and Chief Executive Officer

Statements contained in this presentation that state the Company’s or management’s expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. It is important to note that the Company’s actual results could differ materially from those projected in such forward-looking statements. Factors that could affect those results include those mentioned in the documents that the Company has filed with the Securities and Exchange Commission.