Modine Board Announces Quarterly Dividend

    RACINE, Wis.--May 15, 2002--The Modine Manufacturing Company Board of Directors declared a dividend for its fourth quarter of 12.5 cents per share on outstanding common stock, payable June 6, 2002 to all shareholders of record May 28, 2002.
    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.