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Exide Corporation to Settle Shareholder Suit

15 April 1999

Exide Corporation to Settle Shareholder Suit

    READING, Pa., April 14 -- Exide Corporation ,
announced today it has reached an initial agreement on a shareholder lawsuit
and will settle all claims for $10.25 million, payable by its insurance
carrier.  Final settlement is subject to court approval.
    James M. Diasio, Chief Financial Officer at Exide Corporation, said, "We
are extremely pleased to have this issue behind us.  The settlement is well
within the range we expected and, since it is fully insured, was achieved at
minimal cost to the company."
    The class action shareholder suit is a consolidation of five lawsuits
which were originally filed in federal court in Michigan, in the spring of
1998, against the company and three of its former senior officers.  The
complaint alleges that market price of the company's stock was artificially
inflated over the period June 27, 1995 through April 4, 1998 as a result of
alleged misstatements and omissions.
    Exide Corporation, with annual revenues of more than $2.2 billion and
operations in 19 countries, is a world leader in the manufacture of automotive
and industrial lead acid batteries.  Further information about Exide's
business and products is available at http://www.exideworld.com.