Mark IV Industries Announces
Private Placement of $250 Million
of a New Series of Senior Subordinated Notes

Amherst, New York, August 6,1997, -- Mark IV Industries, Inc. (NYSE: IV) announced today that it has entered into an agreement to sell $250,000,000 principal amount of 7 1/2% Senior Subordinated Notes due September 1, 2007 at a price of 99.471% of the face amount.

The Notes are being issued and sold in a private placement transaction which is expected to close on August 11, 1997. Mark IV intends to use a portion of the net proceeds from the transaction to repay approximately $140.0 million of outstanding senior debt. The balance of the net proceeds will be added to working capital and used for general corporate purposes.

The Notes are not being registered under the Securities Act of 193, as amended (the "Act"), and may not be offered or sold in the United States or to any U.S. person absent registration under the Act or an applicable exemption from the registration requirements thereof.

Mark IV Industries, Inc., is a $2.1 billion global manufacturing company headquartered in the Buffalo suburb of Amherst, New York, employing 15,800 people worldwide. The company's core technologies include power transmission, fluid transfer and filtration systems and components for global industrial and automotive markets. For more information on Mark IV, visit the company's web site at http://www.mark-iv.com.