Mark IV Industries Exchange Offer
Accepted by Holders of One-Hundred Percent
of 7-3/4 Percent Senior Subordinated Notes

AMHERST, New York, July 15, 1996 -- Mark IV Industries, Inc. (NYSE: IV) today announced that 100% of the $250 million aggregate principal amount of its 7-3/4% senior subordinated notes due April 1, 2006 which were issued and sold on March 11, 1996 in a transaction exempt from registration under the Securities Act of 1933 were tendered prior to the July 12, 1996 expiration of Mark IV's offer to the holders of such notes to exchange, for each $ 1,000 principal amount of outstanding notes, $ 1,000 principal amount of Mark IV's 7-3/4% senior subordinated notes due April 1, 2006 which have been registered under the Securities Act.

The new notes issued in the exchange offer have substantially the same terms and conditions as the unregistered notes, except that the new notes are not subject to the restrictions on resale or transfer which applied to the unregistered notes.

Mark IV Industries, Inc., located in the Buffalo suburb of Amherst, New York, employs more than 18,000 people worldwide, manufacturing power and fluid transfer systems and components for global industrial and automotive markets.