Modine Selected Among ``100 Best Corporate Citizens'' for Fourth Straight Year

    RACINE, Wis.--April 11, 2003--Modine Manufacturing Company has been chosen by Business Ethics Magazine as one of the "100 Best Corporate Citizens" for the fourth consecutive year. Modine is one of only 32 companies that have been included in this exclusive list for all four years. Modine's ranking for 2003 is 32nd out of 1,000 companies competing, up from 62nd in 2002. Modine tied for first in the category of service to the environment along with Intel, Hewlett-Packard, Herman Miller, Adolph Coors, Thermo Electron and ITT Industries.
    "It's great that Modine has again been named to the "100 Best Corporate Citizens," said David B. Rayburn, Modine's President and Chief Executive Officer. "In today's marketplace, business ethics and corporate responsibility are extremely important, and at Modine we take these issues very seriously. Every employee carries that responsibility throughout each of the communities in which they live, work and conduct business throughout the world. Modine is proud to be aligned with some of the best public companies in the United States."
    Business Ethics Magazine is a publication that focuses on social responsibility of corporations and progressive management practices. To award the "100 Best" KLD Research & Analytics, an independent social research firm based in Boston, identifies companies that excel at serving a variety of stakeholders. Judging is based on the companies' service to seven different stakeholder groups: shareholders, community, minorities and women, employees, environment, non-U.S. stakeholders, and customers. Topping the overall list this year is General Mills, with Cummins Engine in second. Other notable companies that appear include Intel, Procter & Gamble, Hewlett-Packard and Cisco Systems. To view the entire article and complete results released by Business Ethics visit www.business-ethics.com.

    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.