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Exide Names James M. Diasio as CFO

22 September 1998

Exide Names James M. Diasio as CFO

    BLOOMFIELD HILLS, Mich., Sept. 22 -- Today, the Exide
Corporation Board of Directors announced that James M. Diasio has
been named as Executive Vice President, Chief Financial Officer.  Mr. Diasio
returns to Exide after holding the Vice President, Finance position at
American Meter Company, a worldwide supplier of natural gas meters,
regulators, instrumentation and controls.  He will assume this role within the
next several weeks.
    Mr. Diasio has a long-standing history with Exide.  He was the Company's
Vice President and Controller from 1994 to 1997; and, was the Arthur Andersen
& Company's Senior Audit Manager assigned to the Exide engagement.  Mr. Diasio
spent fourteen years with Arthur Andersen, primarily in the Philadelphia
office.
    Arthur M. Hawkins, Exide's Chairman and CEO, said, "The Board unanimously
approved the decision to bring Jim Diasio back into the Exide family.  He is a
highly-skilled, technical talent, and his familiarity with the organization
will allow him to hit the ground running.  We are confident that he will help
this company to achieve its strategic and financial goals."
    Mr. Diasio is a graduate of LaSalle University and is a member of the
American Institute of Certified Public Accountants and the Pennsylvania
Institute of Certified Public Accountants.  He and his family reside in Bucks
County, Pennsylvania.
    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.