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Exide Responds to Mississippi Lawsuit And Attorney General Subpoena

23 December 1999

Exide Corporation Responds to Mississippi Lawsuit And Attorney General Subpoena

    READING, Pa., Dec. 22 -- Exide Corporation , the
global leader in the lead-acid battery business, responded today to questions
concerning a lawsuit filed in Mississippi alleging the company sold used
automotive batteries as new.
    In addition, Exide received a subpoena from the Attorney General of
Mississippi asking for records related to automotive battery sales in that
state from 1990 until October 1, 1999.
    Management of Exide said that, while it is not possible to predict the
outcome of the case or investigation with certainty, in light of its
successful defense of similar actions in Alabama, as well as its experience
with the Florida Attorney General, Exide believes that neither the case nor
the subpoena will have a material adverse effect on the company's financial
position.
    Further information on the company and its position on these issues is
contained in the company's public filings, including the 10K and 10Q.
    Exide Corporation, with annual revenues of approximately $2.4 billion and
operations in 19 countries, is the world's largest manufacturer of automotive
and industrial lead-acid batteries.  Further information about Exide's
businesses and products is available at http://www.exideworld.com.