Exide Technologies Receives Toyota Value Improvement Award for 2002

PRINCETON, N.J., May 29, 2003 -- Exide Technologies (BULLETIN BOARD: EXDTQ, www.exide.com) , a global leader in stored electrical-energy solutions, recently received a Certificate of Achievement from Toyota Motor Manufacturing North America. The award recognizes the Exide contributions to Toyota's Value Improvement program during 2002.

Exide, which has been a supplier of original equipment automotive starting batteries to Toyota since 1988, received the award at Toyota's annual business meeting. This award marks the 12th time that Toyota has recognized Exide Technologies for delivery, quality or value improvement.

"Continuous improvement at Exide Technologies is driven by EXCELL -- Exide's Customer-Focused Excellence Lean Leadership System. EXCELL incorporates a broad range of proven techniques that drive continuous improvement in manufacturing, with emphasis on eliminating waste and improving quality," said Craig H. Muhlhauser, Chairman and CEO of Exide Technologies.

"As a result of our EXCELL achievements and continual implementation of best practices, there is not one other battery company today demonstrating Exide's rate of improvement," said Muhlhauser.

Exide Technologies supplies the original equipment batteries to Toyota's North American plants in Georgetown, Kentucky; Princeton, Indiana and Cambridge, Ontario, Canada. Exide manufactures Toyota batteries at its facility in Shreveport, Louisiana.

About Exide Technologies:

Exide Technologies, with operations in 89 countries and fiscal 2002 net sales of approximately $2.4 billion, is one of the world's largest producers and recyclers of lead-acid batteries. The company's two global business groups - transportation and industrial energy -- provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.

Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications.

Industrial markets include network power applications such as telecommunications systems, fuel-cell load leveling, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles. Further information about Exide, its financial results and other information is available at www.exide.com .

Certain statements in this press release may constitute forward-looking statements as defined by the Securities Litigation Reform Act of 1995. As such, they involve known and unknown risks, uncertainties and other factors that may cause the actual results of the company to be materially different from any results expressed or implied by such forward-looking statements. These are enumerated in further detail in the company's Form 10-K.

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