Exide Technologies Signs New Supply Agreement with Deere & Company

PRINCETON, N.J., Jan. 26, 2004 -- Exide Technologies, (BULLETIN BOARD: EXDTQ) ( www.exide.com ), a global leader in stored electrical-energy solutions, has signed a new supply agreement for North America with John Deere Merchandise, the aftermarket source for John Deere batteries. John Deere is the world's leading manufacturer of agricultural and forestry equipment; a leading supplier of equipment used in lawn, grounds and turf care; and a major manufacturer of construction equipment. Known for its commitment to quality, innovation, and integrity, John Deere maintains a strong dealer network as well as industry-leading parts and service programs that support owners of its new and used vehicles.

The exclusive three-year agreement covers existing Exide Technologies aftermarket product offerings including all batteries distributed through Deere's aftermarket programs for the agriculture, construction, forestry, commercial, and consumer equipment divisions. Products include the StrongBox(TM) and Hibernator(TM) brands, specifically designed for superior performance in grueling off-road applications, and the new Performance brand, a recently introduced battery line providing coverage for all-terrain vehicles as well as automotive and light-duty applications.

Exide has supplied lead-acid batteries to John Deere for more than 40 years.

"This new agreement provides Exide the opportunity to continue expanding into new heavy-equipment markets while providing products and services that meet the exacting quality standards that John Deere customers expect," said Craig H. Muhlhauser, Chairman and CEO of Exide Technologies. "Exide is in business to make our customers successful, and we recognize the challenges that the agriculture and off-road markets face today. We sincerely appreciate John Deere's continued support and confidence as we continue to provide innovative programming while maintaining the highest levels of quality and service to our valued partner."

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 two global business groups -- industrial energy and transportation -- provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.

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

Transportation applications include automotive, heavy-duty truck, agricultural and marine, as well as new technologies being developed for hybrid vehicles and new 42-volt automotive applications. The company supplies both aftermarket and original-equipment transportation customers.

Further information about Exide Technologies, its financial results and other information can be found at www.exide.com .