Modine To Supply Engine Cooling and Air Conditioning Modules on the All -- New 2004 Dodge Durango

RACINE, Wis.--Nov. 1, 20038, 2003--Modine Manufacturing Company announced today it's beginning to supply both the engine cooling and air conditioning modules for the Chrysler Groups all- new Dodge Durango sport utility vehicle. This is the first time for Modine to supply the Dodge Durango platform.

"Modine is pleased to continue to expand our relationship with the Chrysler Group," said Tony Coats, General Sales Manager at Modine. "We have collaborated with the Chrysler Group for the past four years to support the development of this program, and Modine is proud to be part of the new 2004 Dodge Durango."

The Dodge Durango cooling modules utilize an innovative side-by-side mounting strategy. This technology allows the cooling air to flow through both modules in parallel rather than in a more typical series airflow system. The benefits of this technology allows for optimized heat exchangers due to the more efficient use of the available air, improved air conditioning performance, and also less vehicle weight.

The modules include a number of products from several Modine plants in North America. The engine-cooling module will feature a radiator from Clinton, Tennessee; power steering oil cooler from Harrodsburg, Kentucky; and a PF(R) transmission oil cooler from Richland, South Carolina. The final assembly of this module will take place in Clinton, Tennessee. The air conditioning module will feature a PF(R) condenser from McHenry, Illinois, and a purchased electric fan and shroud assembly that will then be assembled in McHenry, Illinois.

Modine specializes in thermal management components, 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 25 of the company's fiscal 2003 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.