Modine Announces New Leader for Electronics Cooling Subsidiary and Renewed Focus on Profitability

RACINE, Wis.--Feb. 1, 20065, 2006--Modine Manufacturing Company , a world leader in developing thermal solutions for a diversified group of markets including truck, off-highway, automotive, engine, building HVAC and electronics cooling, announced today a new leader for its electronics cooling subsidiary, Thermacore International, Inc.

Thomas G. Cromwell has been promoted to General Manager of Electronics Cooling, based in Lancaster, Pennsylvania. Cromwell will be in charge of all aspects of global electronics cooling from manufacturing, engineering, technology, sales and marketing. He brings to the job 11 years of experience at Modine in a number of managerial assignments, most recently as the Managing Director of the Heavy Duty Division of Modine Europe in charge of several European facilities. Before that Cromwell was Modine's Operations Manager for the European Automotive Division.

"Tom is a proven general manager with a history of delivering in turnaround situations. He has a strong operational background and will work in this very competitive market to renew the focus on our customers and attention to operational performance," said Jim Rulseh, Modine Group Vice President in charge of electronics cooling.

Prior to joining Modine, Cromwell held the title of Vice President of Operations at Air Systems Components, owned by Tomkins PLC. His responsibilities included integrating acquired companies into the current system, managing global groups with multiple facilities, and product development.

In addition to Cromwell's move, Leo Kulmaczewski has been promoted to the position of Operations Manager for Electronics Cooling, focusing on Modine's facility in Hsin-Chin, Taiwan. Kulmaczewski, who was Modine's Operations Manager for the North American Automotive division, will be based in Taiwan, and will be concentrating on making improvements in manufacturing processes and other business systems. Kulmaczewski has a broad background in electronics manufacturing operations including prior assignments as Manufacturing Manager at Motorola, and General Manager and Plant Manager at Honeywell.

"With these additions and a new plant manager in Taiwan, we have strengthened the operations side of our electronics cooling business. This new team will also continue to explore options for transferring our heat pipe technology to the automotive industry for electronics cooling in automobile applications," added Rulseh.

Founded in 1916, with projected fiscal 2006 revenues from continuing operations of approximately $1.6 billion, Modine specializes in thermal management systems and components, bringing highly engineered heating and cooling technology and solutions to diversified global markets. Modine products are used in light, medium and heavy-duty vehicles, HVAC (heating, ventilating, air conditioning) equipment, industrial equipment, refrigeration systems, fuel cells, and electronics. Based in Racine, Wisconsin, the Company has more than 8,200 employees at 35 facilities in 15 countries worldwide. For information about Modine, visit 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 consolidated 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 36 of the Company's 2005 Annual Report to Shareholders and other recent Company filings with the Securities and Exchange Commission. 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.