Mark IV Declares Regular
Quarterly Cash Dividend

Amherst, New York, December 1, 1997 -- Mark IV Industries, Inc. (NYSE: IV) announced today that its Board of Directors has declared the company's regular quarterly cash dividend of four cents per share for the quarter ended November 30, 1997. The dividend will be payable on January 5, 1998, to shareholders of record at the close of business on December 22, 1997.

Mark IV Industries is a $2.1 billion global manufacturing company headquartered in the Buffalo suburb of Amherst, New York, employing approximately 16,200 people worldwide. The company's core technologies include power transmission, fluid transfer and filtration systems and components for global industrial and automotive markets.