Exide Technologies Announces Sale of German Lithium-Battery Interests

    PRINCETON, N.J., March 19 Exide Technologies ,
the global leader in stored electrical energy, announced today that it has
completed the sale of its share of Sonnenschein Lithium GmbH, a German
manufacturer of non-rechargeable lithium battery cells.

    Exide's 50 percent share in the Budingen, Germany, based company was sold
to its joint venture partner, the Israeli-based Tadiran Ltd.  Cash proceeds
from the sale were $7.5 million and will be used to pay down debt.

    Kevin R. Morano, Chief Financial Officer at Exide Technologies, said, "The
sale of our interest in Sonnenschein Lithium is consistent with our efforts to
divest non-core businesses and focus on our core competencies."

    Exide Technologies is the global leader of stored electrical energy
solutions.  With annual revenues of more than $3 billion, operations in 89
countries and 21,000 employees, the company serves both the industrial and
transportation markets.

    Industrial applications include network power batteries for
telecommunications systems, electric utilities, railroads, photovoltaic
(solar-related power) and other critical uninterruptible power supply markets;
and motive power batteries for a broad range of equipment uses including lift
trucks, mining vehicles and other commercial electric vehicles.