---

Exide Cooperates with Florida Attorney General's Requests

17 September 1998

Exide Continues to Cooperate with Florida Attorney General's Requests; Company to Submit Affidavits Attesting to Non-Existent Documents

    BLOOMFIELD HILLS, Mich., Sept. 17 -- On September 2, 1998,
Florida Circuit Court Judge P. Kevin Davey entered an order requiring Exide
to provide the following documents to the State:

    1. Records identifying the amount paid by Florida shareholders for Exide
        stock purchases;
    2. The names (and other identifying data) for all Exide employees involved
        in the preparation, review or approval of all Exide prospectuses and
        offering memoranda;
    3. The names (and other identifying data) for all Exide employees involved
        in the preparation, review or approval of all Exide Annual Reports
        from 1992 through 1997;
    4. The money or credits due any company doing business in Florida that are
        transferred from the company due them, to any other customer's account
        from 1992 to the present, and;
    5. The total number of code 89 substitutions to adjust inventory
        transactions for Florida branches from 1992 to present.

    Exide has already produced to the Attorney General's office more than
24,000 pages of materials which are responsive to these and previous requests.
With respect to items 1,2 and 3, Exide will comply on a timely basis.  With
respect to item 4, Exide has previously informed the State that documents
relating to this request do not exist.  Accordingly, as authorized by Florida
law, affidavits to this effect will be submitted in lieu of non-existent
documents.  With respect to item 5, Exide has already produced
substitution/disposition reports for each of its Florida branches.  The above
was the only action taken by Judge Davey, who scheduled no further hearings.
As previously announced, Exide is continuing its policy of cooperating with
the Attorney General and all lawful orders of the Court.
    Exide Corporation, the world leader in lead-acid batteries, is
headquartered in Bloomfield Hills, Michigan with administrative offices in
Reading, Pennsylvania.  The company has significant additional interests in
related technologies including battery chargers, accessories, starters and
alternators.