Exide Technologies Announces Management Restructuring

LAWRENCEVILLE, N.J.--Sept. 14, 2004--Exide Technologies , a global leader in stored electrical-energy solutions, today announced changes to its senior management team.

"As part of our continuing effort to streamline and simplify the organization, we are refocusing our operational management on a regional basis and eliminating layers of management," said Craig H. Muhlhauser, President and CEO of Exide Technologies.

The consolidation of operational leadership has resulted in the elimination of the President position for Exide's Transportation global business. David Enstone, President of the Transportation business unit, has left the company to pursue other interests.

In addition, Exide eliminated the position of Executive Vice President of Quality and EXCELL, consolidating those initiatives under Mitch Bregman. Robert Weiner, former Executive Vice President, also has left the company to pursue other interests.

"Restructuring is never easy, but the continued market pressures require that we accelerate our efforts to become the supplier of choice for our customers. More often than not, attaining that goal requires change," Muhlhauser said. "I want to extend my sincere best wishes to David and Bob, and thank them for the significant contributions they have made at Exide - particularly supporting our emergence from Chapter 11.

"Our continued pursuit of excellence requires that we become more cost competitive and increase responsiveness to our customers," Muhlhauser said. "This restructuring is a natural progression in evolution of the new Exide."

About Exide Technologies

Exide Technologies, with operations in 89 countries and fiscal 2004 net sales of approximately $2.5 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.

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 Technologies, including its financial results, is available at www.exide.com.