Modine Strengthens Relationship With DaimlerChrysler on the 2002 Dodge Ram

    RACINE, Wis.--Feb. 19, 2002--Modine Manufacturing Company has announced that they have been selected by DaimlerChrysler to supply the radiator module for the 2002 Dodge Ram.
    Modine has been supplying transmission oil coolers for the Dodge Ram platform since 1994, and now the content on the vehicle has been expanded to a radiator module. The module contains products from several Modine plants in North America, including radiators from Clinton, Tennessee; PF(R) (parallel-flow) oil coolers from Richland, South Carolina; and power steering oil coolers from Harrodsburg, Kentucky. The modules are assembled at Modine's Clinton, Tennessee facility and shipped to DaimlerChrysler. Modine is providing innovative side-by-side mounting of the radiator module next to the air-conditioning condenser which yields multiple benefits: better acceleration when the air conditioner is on, quieter operation at idle, lower radiator temperatures and faster cooling of the interior.
    Modine specializes in thermal management, bringing heating and cooling technology to diversified markets. Modine's products are used in light, medium, and heavy-duty vehicles, HVAC equipment, industrial equipment, refrigeration systems, fuel cells and electronics. Modine can be found on the Internet at www.modine.com.

    This news release contains forward-looking statements that involve assumptions, risks, and uncertainties, and Modine's actual results, performance, or achievements may differ materially from those expressed or implied in these statements. A detailed discussion of factors that could affect Modine's results are on page 19 of the company's fiscal 2001 Annual Report to Shareholders and in other public filings with the U.S. Securities and Exchange Commission. Modine does not assume any obligation to update any of these forward-looking statements.