Exide Technologies Elects New Member to Board of Directors

ALPHARETTA, Ga.--Aug. 23, 2006--Exide Technologies (www.exide.com), a global leader in stored electrical-energy solutions, today announced that shareholders elected a new member to the Company's Board of Directors and re-elected six current directors during Exide's annual meeting in Alpharetta.

The new member of Exide's Board is Herbert F. Aspbury.

Mr. Aspbury has served as an Adjunct Professor at the Fisher Graduate School of International Business of the Monterrey Institute of International Studies since 2002. Mr. Aspbury retired from Chase Manhattan Bank in 2000 where he served in a number of capacities, most recently as the London-based Managing Director and Regional Executive for Europe, Africa and the Middle East. Mr. Aspbury was a member of Chase Manhattan Corporation's Management Committee. Mr. Aspbury also served in a number of capacities with Chemical Bank until its merger with Chase Manhattan. Mr. Aspbury serves as Vice Chairman of the Board of Trustees of Villanova University and is the Chair of its Finance Committee, as well as Chairman of the Royal Oak Foundation, the U.S. arm of Britain's National Trust. Mr. Aspbury also is currently an investor and advisor at Private Client Resources LLC, a privately held company founded in 2001, which provides consolidated financial information for high wealth investment managers and their clients. Mr. Aspbury will serve on the Company's Audit Committee.

Mr. Aspbury joins re-elected Directors John P. Reilly (Chairman of the Board), Gordon A. Ulsh (Exide President and CEO), Michael R. D'Appolonia, David S. Ferguson, Michael P. Ressner and Carroll R. Wetzel.

"I am pleased that Exide shareholders have voted to approve the proposed slate of Directors, and I am confident that the addition of Herb Aspbury will strengthen the Board's ability to help guide the Company in its continuing effort to add value for shareholders and customers," said Mr. Reilly.

Shareholders also voted in favor of the following matters:

-- a $75 million rights offering and related transactions;

-- an amendment to the Company's Certificate of Incorporation to authorize additional capital stock;

-- an amendment to the 2004 stock incentive plan; and

-- ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent auditor for fiscal year 2007.

About Exide Technologies

Exide Technologies, with operations in 89 countries, is one of the world's largest producers and recyclers of lead-acid batteries. The Company's four global business groups - Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World - 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, 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, including its financial results, are available at www.exide.com