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Exide Completes Search for Treasurer

6 November 1998

Exide Completes Search for Treasurer; David H. Kelly Joins Exide November 9, 1998

    READING, Pa., Nov. 5 -- Exide Corporation , the
world's leading manufacturer of lead-acid batteries, has announced today that
David H. Kelly has been appointed Vice President-Treasurer.
    Mr. Kelly joins Exide from Trigen Energy Corporation, a leading thermal
sciences company that develops, owns and operates commercial and industrial
energy systems.  As Vice President-Finance and CFO, he had broad management
responsibility for lender and investor relations, financing, accounting and
SEC reporting, and tax planning.
    Prior to Trigen, he had a long-standing career at Air Products and
Chemicals in Allentown, Pennsylvania.  After a series of promotions within the
Treasury Department, including serving as European Treasurer for three years,
Mr. Kelly became the Vice President-Treasurer of this $5 billion industrial
gas and specialty chemicals company.
    David Kelly holds an MBA in Finance from the Krannert School of Purdue
University and obtained a B.S. in Electrical Engineering from Bucknell
University.  He also attended Dartmouth's Tuck Senior Executive Program.
    Jim Diasio, Exide's Executive Vice President and Chief Financial Officer
said, "Mr. Kelly has impeccable credentials and comes to Exide with top-notch
recommendations.  He has the depth and breadth of Treasury experience that
Exide demands and we look forward to utilizing those talents to the fullest
potential."
    Exide Corporation, with over $2.2 billion in sales reported in FY'98, is
the world's leading manufacturer of automotive and industrial lead-acid
batteries.  The Company has operations in 19 countries worldwide with
significant additional interest in related technologies, including chargers,
accessories, starter, and alternators.  Further information about Exide's
businesses and products are available at http://www.exideworld.com.