RACINE, WI — Beginning on Oct. 14, the common stock of Modine Manufacturing Co., a developer and supplier of thermal management solutions for diversified markets, will be listed and traded on The New York Stock Exchange (NYSE) under the new ticker symbol “MOD.”

“This is a significant and exciting step in our company’s 88-year history,” said David Rayburn, Modine president and CEO. “We think there are many good reasons to move to The New Stock Exchange at this time.”

According to Bradley Richardson, Modine vice president, finance and CFO, Modine stock should see increased liquidity and daily volume over time with this move to the NYSE. “Our shareholders should enjoy lower transaction costs and more efficient trade executions due to the NYSE’s centralized platform,” said Richardson.

Richardson added that trading on the NYSE should help Modine broaden its potential investor base through greater brand visibility in both domestic and international markets.

“As Modine continues its expansion to serve our diversified customer base on an increasingly worldwide basis,” Rayburn noted, “it is consistent to have our common stock traded on the NYSE given its well-recognized global platform.”

Exports from the U.S. and sales from foreign locations accounted for 47 percent of Modine’s fiscal 2004 revenues of $1.2 billion. In addition, the company has broadened its global presence with a major expansion into Asia through the recent acquisition of the Automotive Climate Control Division of WiniaMando Inc.

Modine common stock has been listed on the NASDAQ since 1984.

For more information about Modine, go to: www.modine.com.

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