AMHERST, N.Y., March 1, 2000 -- Mark IV Industries, Inc. (NYSE: IV) announced today that its Board of Directors has approved a 13.6% increase in the company's cash dividend to 25 cents per share annually, or 6-1/4 cents per share per quarter, from the current 5-1/2 cents, or 22 cents per year. This represents Mark IV's tenth consecutive annual increase in the company's dividend rate.

In addition, the Board declared the company's regular quarterly cash dividend, at the new rate, for the quarter ended February 29, 2000. The dividend will be paid on April 3, 2000, to shareholders of record at the close of business on March 17, 2000.

Mark IV Industries, Inc., is a $2.0 billion global manufacturing company headquartered in the Buffalo suburb of Amherst, New York, employing 16,000 people worldwide. The company's core technologies include power transmission and engine- related products; fluid management systems and components; and transportation products and systems. The company's systems and components are marketed for applications in the global industrial and automotive markets.