Modine Manufacturing to Sell Joint Venture Stake

Modine Manufacturing Company entered into Equity Transfer Agreements to sell its entire interest in the joint venture Anhui Jianghuai Modine Climate Control Co., Ltd. to Chen Jing Xi and SongZ Automobile Air Conditioning Co., Ltd. for approximately RMB 36 million. The closing is conditioned upon receipt of governmental approvals.

“On May 27, 2009, Modine Manufacturing Company (“Modine” or the “Company”) entered into Equity Transfer Agreements with Chen Jing Xi and SongZ Automobile Air Conditioning Co., Ltd. pursuant to which Modine will sell its entire interest in the joint venture, Anhui Jianghuai Modine Climate Control Co., Ltd., for approximately RMB 36 million.”

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