Modine Wins Programs to Supply Great Wall MotorWith $14 Million in 2.0 L Diesel Engine EGR Coolers

RACINE, Wis.--(BUSINESS WIRE)--Modine Manufacturing Company (NYSE:MOD), a diversified global leader in thermal management technology and solutions, announced today it has won programs from Great Wall Motor in Baoding, Hebei Province, China valued at approximately $14 million to supply exhaust gas recirculation (EGR) coolers for 2.0L diesel engines. These programs will begin in 2009 and extend over the next five years.

“This award continues to demonstrate Modine Asia’s ability to utilize our global resources to supply our technology to the growing Euro-4 & Euro-5 diesel engine market in China.”

EGR coolers recirculate exhaust gas from the engine to control both particulates and nitrous oxide (NO_X) emissions in the exhaust, keeping the air cleaner and burning fuel more efficiently. “Modine leveraged our superior technical strength in engine technology and our new local manufacturing facility in Changzhou,” said Thomas F. Marry, Modine Regional Vice President - Asia. “This award continues to demonstrate Modine Asia’s ability to utilize our global resources to supply our technology to the growing Euro-4 & Euro-5 diesel engine market in China.”

The EGR coolers will be manufactured beginning in 2009 at Modine’s Changzhou manufacturing plant, located in Changzhou, JiangSu Province, China. The facility leverages Modine Asia’s engineering and testing capabilities located in Asan City, South Korea. This incremental business supports Modine’s strategic goal of generating 4 to 6 percent annual organic revenue growth.

About Modine – www.modine.com

Modine, with fiscal 2007 revenues from continuing operations of $1.7 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 (heating, ventilation and air conditioning) equipment, industrial equipment, refrigeration systems, fuel cells and electronics. Based in Racine, Wisconsin, the company has approximately 7,800 employees at 33 facilities worldwide. For information about Modine, visit www.modine.com.

About Great Wall Motor – www.gwm.com.cn

Great Wall Motor Company Limited (HK H Stock: 2333-HK), is the largest privately owned automotive, truck and specialty vehicle manufacturer in China. It is the first privately owned auto company of China listed on the Hong Kong H Stock Market. Great Wall owns 20 subsidiaries and has about 10,000 employees. Its products cover Pickup series, SUV series, CUV Series, MPV Series, passenger car and special vehicles. Great Wall is the biggest brand for exporting among auto enterprises of China. It is among the top 10 privately owned enterprises in China and among the top 30 in sales volume. For information about Great Wall Motor, visit www.gwm.com.cn.

Statements made in this press release regarding future matters are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on Modine’s current expectations. The company’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, the company’s ability to successfully implement its restructuring plans and drive cost reductions as a result; the ability to maintain adequate liquidity to carryout restructuring programs while investing for future growth; its ability to continue to service its customers during the implementation of any restructuring plan; the avoidance of inefficiencies in the transition of products from plants to be closed to plants continuing in operation; factors impacting the Original Equipment - North America segment operating results; the ability of the company, its customers and suppliers to achieve projected sales and production levels; unanticipated product or manufacturing difficulties; the company’s ability to remain in compliance with its debt agreements; international economic changes and challenges; and other factors affecting the company’s business prospects discussed in filings made by the company, from time to time, with the Securities and Exchange Commission including the factors discussed in Item 1A, Risk Factors, and in the “Forward-Looking Statements” section in Item 7 of the company’s most recent Annual Report on Form 10-K and its quarterly reports on Form 10-Q. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by law.