MARK IV IN DISCUSSIONS

AMHERST, N.Y., May 10, 2000 -- Mark IV Industries, Inc. (NYSE: IV) said today, in response to an article that appeared in the European and U.S. editions of The Wall Street Journal, that, consistent with its announcement on January 19, 2000 to its intention to explore alternatives to enhance shareholder value, it is engaged in discussions with BC Partners, a European private equity firm, regarding a possible business combination transaction in which Mark IV would be acquired by a financial group headed by BC Partners. Mark IV said that no definitive proposal has been received and there has been no agreement as to the principal terms and conditions of any such transaction. Mark IV added that there can be no assurances that any such definitive proposal will be made or, if made, be acceptable to its Board of Directors.