---

Exide Announces Sale of Starter/Alternator Business

5 July 2000

Exide Announces Sale of Starter/Alternator Business

    READING, Pa., July 5 Exide Corporation
announced today that it has sold its "Sure Start" remanufactured starter and
alternator business to a private investment group formed by Laurian Capital
Corporation, of Chicago, IL and Sure Start management, for total consideration
of $8 million, of which $3 million was cash at closing.  Proceeds from the
sale will be used to reduce debt.
    The investment group will continue to operate the business at its Cooper,
TX facility.  Sure Start employs 257 hourly and salary workers at the site.
    Exide Corporation, with annual revenues of approximately $2.2 billion and
operations in 23 countries, is the world's largest manufacturer of automotive
and industrial lead-acid batteries and a leader in electric storage solutions.
Further information about Exide's businesses and products is available at
http://www.exideworld.com.