<b>Modine Manufacturing Announces the Award of New Business to Produce Components for DENSO</b>

RACINE, Wis.--Modine Manufacturing Company , a world leader in designing and developing heating and cooling solutions and DENSO Corporation, a leading global supplier of advanced automotive technology, systems and components, announced today the award of new business for Modine to provide radiators, parallel flow condensers, charge air coolers and power-steering oil coolers to support DENSO’s Thermal Systems business.

In commenting on this relationship, David B. Rayburn, Modine’s President and Chief Executive Officer said, “Modine is very honored to be considered as a supplier partner to DENSO. We understand how highly regarded DENSO's Thermal Systems capabilities are, and we’re pleased DENSO has considered Modine to support its engine cooling component design and development needs. In addition to this initial award, we are investigating other collaboration opportunities that should benefit both companies.”

This partnership will initially result in excess of $50 million sales per year to Modine starting in 2009. These program wins support Modine’s five year goal of four to six percent organic annual revenue growth. Including acquisitions, Modine’s five year revenue growth goal is 11 to 13 percent annually.

About Modine

Founded in 1916, with fiscal 2006 revenues from continuing operations of $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, and air conditioning) equipment, industrial equipment, refrigeration systems, fuel cells, and electronics. Based in Racine, Wisconsin, the company has approximately 9,000 employees at 34 facilities in 15 countries worldwide. For information about Modine, visit www.modine.com.

About DENSO

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Worldwide, the company employs approximately 106,000 people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2006 totaled US$27.3 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges in Japan. For more information, go to www.globaldenso.com or visit our media website at www.densomediacenter.com.

Statements made by Modine in this press release regarding Modine’s future matters are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including those regarding a positive impact from new business programs, exploitation of technology, expansion into niche markets, incremental business and continuing market strength are based on Modine's current expectations. Modine's actual results, performance or achievements may differ materially from those expressed or implied in these statements because of certain risks and uncertainties including, but not limited to, market acceptance and demand for products and technologies; successful launch by Modine of the above described program; non-cancellation of Modine as a supplier; the ability of Modine, its customers and suppliers to achieve projected sales and production levels and avoid unanticipated product or manufacturing difficulties; and other factors affecting Modine’s business prospects discussed in filings made by Modine, from time to time, with the SEC including the factors discussed in Item 1A, Risk Factors and the "Cautionary Factors" section in Item 7 of Modine’s most recent Annual Report on Form 10-K and its periodic reports on Form 10-Q. Modine undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Editors Note: On July 20, 2006 Modine announced a business relationship to provide components to a global manufacturing company. DENSO is the company referenced in that release.