MARK IV Announces Sale
of Automatic Signal/Eagle Signal

Amherst, New York, January 9, 1997 -- Mark IV Industries, Inc. (NYSE: IV) today announced that it has sold its Automatic Signal/Eagle Signal subsidiary to Siemens Energy & Automation, Inc. for a cash price of $16.6 million.

The company will realize a gain on the transaction which will be reported in its fourth fiscal quarter. Automatic Signal/Eagle Signal, which produces traffic signals and controllers, was a part of Mark IV's Transportation Products Group, and had revenue of $27.6 million in the fiscal year ended February 29, 1996. The proceeds from this sale, coupled with the previously-announced agreement to sell Mark IV Audio for $151.5 million to Greenwich Street Partners, also expected to close during the company's fourth quarter, will bring the aggregate proceeds from Mark IV's divestiture program during fiscal 1997 to approximately $271 million.

Sal H. Alfiero, chairman and chief executive officer of Mark IV, reiterated his previous position, stating that "The cash proceeds from this transaction will initially be used to repay bank debt. Upon completion of our divestiture program, the capital may be redeployed for the purposes of making acquisitions in our core businesses, and/or to repurchase the company's stock.

"Mark IV Industries, Inc., headquartered in the Buffalo suburb of Amherst, New York, employs approximately 17,400 people worldwide, manufacturing power and fluid transfer 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.