Modine Awarded Business on the New BMW X3 Sport Utility Vehicle

    RACINE, Wis.--April 1, 2003--Modine Manufacturing Company announced today that it will supply the engine-cooling module for the new BMW X3 sport utility vehicle, which is planned to be launched in the market around turn of this year. This program will be an incremental business gain for Modine, but the details of the agreement were not disclosed.
    Just-in-time (JIT) shipments to BMW from Modine's Wackersdorf, Germany facility will begin later this year. The engine-cooling module consists of the following components from several of Modine's facilities: the radiators and charge air coolers from Pliezhausen, Germany, the oil coolers from Uden, Netherlands, and the condensers from Berndorf, Austria.
    Commenting on the significance of the new business, Klaus Feldmann, Group Vice President and Managing Director of Modine Europe said, "We have been a partner of BMW's for nearly 25 years and our companies continue to work well together, which is shown by the other BMW platforms for which we provide products." Those programs include - engine-cooling modules for the 3-series and the new Z4 roadster, and the condensers for the X5. Klaus Feldmann added, "We will continue to utilize our expertise in thermal management and our experience in engine cooling to provide BMW with a superior mix of products."

    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 14 of the company's fiscal 2002 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.