---

Exide Clash with Florida Attorney Genera

21 September 1998

Exide Responds to Florida Attorney General Motion

    BLOOMFIELD HILLS, Mich., Sept. 21 -- Exide Corporation
received a motion filed by the Attorney General of the State of
Florida on Friday, September 18th.  That motion, allegedly based on documents
and information that the Attorney General claims to have obtained from sources
other than Exide, states that the Company's response to a subpoena issued
March 16th, 1998, is incomplete and erroneous.
    While Exide is unaware of the documents and information alluded to in the
motion and has no access thereto, it considers its response to the subpoena
complete and denies that any information supplied the Attorney General is
intentionally false and misleading.  The Company notes that in certain
instances the motion incorrectly and improperly characterizes some of the
voluminous material supplied by the Company in response to this subpoena.
This motion, first learned of by Exide from the media, potentially has a
greater impact on the Company's share price than the fair and timely
resolution of the Attorney General's inquiry.
    Despite this disappointing development, Exide remains committed to work
with the Attorney General in the proper legal framework to conclude this
matter at the earliest possible date.
    Exide Corporation, with over $2.2 billion in sales, is the world's leading
manufacturer of lead-acid batteries.  Headquartered in Bloomfield Hills,
Michigan, with administrative offices in Reading, Pennsylvania, Exide also has
significant interest in related technologies.