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Modine Europe GmbH Arthur-B.-Modine-Strasse 1 70794 Filderstadt-Bonlanden, Germany http://www.modine.com
Contact Ms Lori Stafford +1 (0) 262 636 1001
ME
Modine Europe GmbH

Modine Closes Radiadores Visconde Ltda. Acquisition

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Modine Manufacturing Company (NYSE: MOD), a global leader in designing and developing heating and cooling solutions for a diversified group of markets announced today that it has closed its acquisition of Radiadores Visconde Ltda. On April 20, 2006, Modine announced a tentative agreement to acquire the remaining 50 percent of Radiadores Visconde it did not already own. Modine paid $17 million - approximately 3.6 times EBITDA - and has an agreement to pay an additional $4 million based on certain performance goals. This acquisition is accretive immediately.

Radiadores Visconde, established in 1963 and based in S?o Paulo, Brazil, provides
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