MARK IV INCREASES CASH DIVIDEND TEN PERCENT

Amherst, New York, March 1, 1999 -- Mark IV Industries, Inc. (NYSE: IV) announced today that its Board of Directors has approved a ten percent increase in the company’s cash dividend to 22 cents per share annually, or 5-1/2 cents per share per quarter, from the current five cents, or 20 cents per year. This represents Mark IV’s ninth consecutive annual increase in the company’s dividend rate.

In addition, the Board declared the company’s regular quarterly cash dividend, at the new rate, for the quarter ended February 28, 1999. The dividend will be paid on April 1, 1999, to shareholders of record at the close of business on March 19, 1999.

Mark IV Industries, Inc. is a $2.0 billion global manufacturing company headquartered in the Buffalo suburb of Amherst, New York, employing 15,000 people worldwide. The company's core technologies include power transmission, fluid transfer and specialty filtration systems and components for global industrial and automotive markets.