Modine Chosen to Supply Engine Cooling Modules

RACINE, Wis. & BONLANDEN, Germany--March 10, 2005--

Agreement Builds on 8-Year Supply of Cooling Modules for Current Model Series and Nearly 25-Year Modine Partnership

Global thermal management leader Modine Manufacturing Company announced today that it will supply engine cooling modules for the new BMW 3 Series which was formally introduced this week at the 75th International Geneva Motor Show in Switzerland running from March 3-13.

"We have supplied more than 2.5 million of our powertrain cooling modules for the current 3 Series generation since 1997," said David Rayburn, Modine President and Chief Executive Officer. "Now we look forward to producing modules for the new 3 Series from BMW, one of our top three customers globally."

"This enhances our long-standing partnership of nearly 25 years in providing innovative cooling solutions for BMW," added Klaus Feldmann, Group Vice President and Managing Director of Modine Europe. "Today Modine is also delivering cooling modules for the BMW 1 Series, X3 Sport Activity Vehicle, and Z4."

BMW unveiled its newly designed 3 Series this week in Geneva, with expectations for sales volumes to at least match those of the current 3 Series generation.

The engine cooling module for the new 3 Series will be assembled at Modine's newest plant in Wackersdorf, Germany, an 118,000-square-foot (11,000-square-meter) facility utilizing the "Just-in-Time," "Just-in-Sequence" delivery process to supply working modules to all four of the BMW automotive plants in the area. This is also where the current 3 Series cooling modules are manufactured.

The new module is comprised of the following Modine parts: a radiator and charge air cooler from Modine's Pliezhausen, Germany facility; an integrated parallel flow (IPF) condenser from Modine's Berndorf, Austria facility; and a transmission oil cooler, including a thermostatic valve, from Modine's Uden, The Netherlands facility.

Modine's original Wackersdorf plant won the prestigious Global Excellence in Operations Award (GEO) from analysis compiled by Moderne Industrie-mi-Verlag, a European publishing company, Produktion, a European newspaper, and AT Kearney, a worldwide consulting company, for the category "Excellent Integration of Customers and Suppliers." Modine won the GEO Award for production of the engine cooling module on the current BMW 3 Series and was the first Modine plant worldwide to use "Just-in-Time," "Just-in-Sequence," a highly advanced lean production method. After the success of the original Wackersdorf facility, Modine built a larger replacement Wackersdorf facility, which opened in the fall of 2003.

Modine, with fiscal 2004 revenues of $1.2 billion and worldwide headquarters in Racine, Wisconsin, specializes in thermal management systems and components, bringing heating and cooling technology and solutions to diversified global markets. The Company's products are used in light, medium, and heavy-duty vehicles, HVAC equipment, industrial equipment, refrigeration systems, fuel cells and electronics. Modine employs more than 8,700 people worldwide at 36 facilities. More information about Modine can be found at www.modine.com.

This news release may contain statements, including information about future financial performance, accompanied by phrases such as "believes," "estimates," "expects," "plans," "anticipates," "will," "intends," and other similar "forward-looking" statements, as defined in the Private Securities Litigation Reform Act of 1995. Modine's actual results, performance or achievements may differ materially from those expressed or implied in these statements, because of certain risks and uncertainties, which are identified on page 31 of the Company's 2004 Annual Report to Shareholders and other recent Company filings with the Securities and Exchange Commission. Specifically, this news release contains forward-looking statements regarding incremental business. These forward-looking statements are particularly subject to a number of risks and uncertainties, including international economic changes and challenges; market acceptance and demand for new products and technologies; the ability of Modine, its customers and suppliers to achieve projected sales and production levels; and unanticipated product or manufacturing difficulties. Modine does not assume any obligation to update any of these forward-looking statements