Modine Manufacturing Company Announces New Corporate Tagline

RACINE, Wis.--July 24, 2003--Modine Manufacturing Company announced today the launch of a new corporate tagline - "Innovative Thermal Solutions". As part of the company's aim to improve brand recognition, the new tagline will be integrated into the current company logo and incorporated into all sales and marketing materials.

"The introduction of this tagline is yet another a step forward in improving Modine's brand recognition," says David Rayburn, president and chief executive officer. "It communicates our capabilities quickly and effectively, improving our recognition with customers, investors and the communities we serve. Ultimately, Innovative Thermal Solutions are what we provide to our customers."

From the time A.B. Modine founded the company in 1916, the sole focus of Modine has been solving heat transfer challenges through creativity and solid engineering experience. This focus is still applicable today, and Modine is viewed as a worldwide leader in thermal management. The new tagline further strengthens the company's dependability in supplying heat transfer solutions, and reinforces its focus and commitment to ongoing research and development, underscoring the approach to new thermal management challenges.

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.

If you would like a copy of the logo, please contact Ray Schaffart.