Modine Promotes Margaret Kelsey To Vice President

RACINE, Wis.--Modine Manufacturing Company , a diversified global leader in thermal management technology and solutions, today announced today it has promoted Margaret “Peggy” Kelsey to the position of Vice President – Corporate Treasurer, Business Development, and Assistant Secretary. Peggy continues to report to Bradley C. Richardson, Modine’s Executive Vice President and Chief Financial Officer.

In her new role, with recently added responsibility for business development and strategic planning, Kelsey will continue her responsibilities for setting the worldwide policy for cash management, debt management and risk management, as well as retaining her current responsibility as Assistant Secretary of the company. "Peggy has proven herself to be a very talented and insightful leader, in addition to bringing depth and breadth of knowledge, skills, enthusiasm and experience to Modine. We value her skills and contributions to the company and look forward to her continued leadership," said Richardson.

Kelsey joined Modine in April 2001 as Senior Counsel and was promoted to an officer the next year. Prior to Modine, she was a partner in the Milwaukee office of the law firm of Quarles & Brady, LLP. Kelsey received her undergraduate degree from Mount Mary College and her law degree from Georgetown University, graduating magna cum laude. She was promoted to Corporate Treasurer effective January 1, 2006 and recently completed her Master of Business Administration degree from the University of Wisconsin – Milwaukee.

"I am very excited about the opportunity to take on the added responsibility and leadership role for Modine's business development and strategic planning efforts. We continue to have active and well managed development and planning programs, and I look forward to being a part of our efforts to expand the company by geography and end market, consistent with our strategic plans. I believe Modine has a very exciting future and I am proud to be a part of its growth and expansion," said Kelsey.

Peggy lives in Whitefish Bay, Wisconsin with her husband and three children.

About Modine

Modine, with fiscal 2006 revenues of $1.6 billion, 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 equipment, industrial equipment, refrigeration systems, fuel cells, and electronics. The company employs approximately 8,500 people at 34 facilities worldwide. For more information about Modine, visit www.modine.com.