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Exide Announces Sale of Charger Business

1 March 2000

Exide Announces Sale of Charger Business

    READING, Pa., March 1 -- Exide Corporation , the
global leader in the lead-acid battery business, announced today that it has
sold its battery charger operations to Midtronics, Inc.  Proceeds from this
sale will be used to reduce debt.
    Midtronics, a leader in battery management products, will acquire Exide's
charger inventory and the North Bay, Ontario manufacturing facility and
equipment and will assume certain current liabilities.
    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.