Exide Technologies Files Disclosure Statement and an Amended Plan of Reorganization

PRINCETON, N.J.--July 25, 2003--Exide Technologies (OTCBB: EXDTQ), a global leader in stored electrical energy solutions, today announced that it has filed a Disclosure Statement and an amended Plan of Reorganization ("Plan") with the U.S. Bankruptcy Court for the District of Delaware.

Under the proposed Plan, which is subject to certain creditor approval and confirmation by the Bankruptcy Court, Exide will emerge from Chapter 11 with dramatically reduced debt and a reorganized capital structure. The key elements of the Company's proposed Plan include a debt-for-equity exchange and the cancellation of all existing common stock.

The Company has requested a hearing date of August 25, 2003 for consideration of the Disclosure Statement.

Craig Muhlhauser, Chairman, Chief Executive Officer and President of Exide Technologies, said, "This Plan will reduce our current debt by approximately 1.3 billion and the annual interest expense by over $60 million. We are confident that this reorganization provides Exide with a strong financial foundation for the future. With this filing, we remain on track to emerge from Chapter 11 before the end of the year."

About Exide Technologies:

Exide Technologies, with operations in 89 countries and fiscal 2003 net sales of approximately $2.4 billion, is one of the world's largest producers and recyclers of lead-acid batteries. The Company's three global business groups - transportation, motive power and network power -- 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 and its financial results are available at www.exide.com.

These and others are enumerated in further detail in the Company's Form 10-K.