NEWS RELEASE

Exhibit 99.1

For Immediate Release

Contact: Susan Fisher 262-636-8434  s.h.fisher@na.modine.com

Modine Announces Dividend

Racine, WI, October 17, 2007–Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that its Board of Directors declared a quarterly dividend of $0.175 per share on outstanding common stock, payable December 7, 2007 to all shareholders of record as of November 22, 2007.

About Modine

Modine, with fiscal 2007 revenues of $1.8 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, heating, ventilation and air conditioning equipment, industrial equipment, refrigeration systems, fuel cells, and electronics. The company employs approximately 7,800 people at 34 facilities worldwide.  For more information about Modine, visit www.modine.com.

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