Modine Rings The Closing Bell Today to Mark One-Year Listing Anniversary on The New York Stock Exchange

RACINE, Wis.--Oct. 1, 20058, 2005--Modine Manufacturing Company , a worldwide leader in applied thermal management, announced today that its Lead Director Gary Neale, along with the Board of Directors, Chief Executive Officer and Chief Financial Officer will ring The Closing Bell(SM) at The New York Stock Exchange today at 4 p.m. Eastern Time. The event marks the one-year anniversary of the move of Modine common stock to the NYSE from the NASDAQ.

"Ringing the famous closing bell of the NYSE, the world's leading equities market, reinforces the global transformation that Modine is undergoing as we execute on our growth strategy in our core business of thermal management," said David Rayburn, Modine President and Chief Executive Officer and a member of the Board of Directors. More than 50% of Modine's annual revenues were to international customers in fiscal 2005.

Neale, who is also the Chairman of NiSource Inc.'s Board of Directors, will be joined by seven of the eight other members of the Modine Board. The Modine Board includes Richard Doyle, retired Chief Executive Officer of three private electrical contracting corporations; Dr. Frank Incropera, McCloskey Dean of the University of Notre Dame's College of Engineering; Frank Jones, independent management consultant; Dennis Kuester, Chairman and Chief Executive Officer of Marshall & Ilsley Corporation; Vincent Martin, retired Chairman and Chief Executive Officer of Jason Incorporated; Marsha Williams, Executive Vice President and Chief Financial Officer of Equity Office Properties Trust; Michael T. "Tim" Yonker, retired President and Chief Executive Officer of Portec, Inc.; and Rayburn.

"Moving to the NYSE has proven to be beneficial to our Company in expanding our brand visibility with key stakeholders, and especially for our shareholders," said Brad Richardson, Modine Vice President, Finance and Chief Financial Officer. "We have experienced tighter trading spreads and lower volatility, as well as greater liquidity with average daily volume more than doubling since Modine stock began trading on the NYSE."

Other Modine executives attending the closing bell ceremony are Tom Burke, Executive Vice President; Dean Zakos, Vice President, General Counsel and Secretary; Roger Hetrick, Vice President, Human Resources; and Steven Bullmore, Corporate Controller.

Founded in 1916, Modine 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 8,200 people at 35 facilities in 15 countries worldwide. More information about Modine can be found at www.modine.com.

Note to Editors: Pictures of the Modine NYSE closing bell ringing ceremony will be available after 4:30 p.m. Eastern Time on October 18 on the AP wire or by emailing Krissy Van Bogelen at k.l.vanbogelen@na.modine.com.