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Exide Technologies Sells Stake in Yuasa Inc.

10 November 2000

Exide Technologies Sells Stake in Yuasa Inc.

    PRINCETON, N.J., Nov. 10 Exide Technologies
announced today that it has sold its 13.5 percent interest in Yuasa Inc. for
$29.9 million.
    The company expects to report a pre-tax gain of approximately
$13.0 million on the sale of the investment in its third fiscal quarter.
Proceeds from the sale will be used to reduce debt.
    Exide Technologies is the global leader in providing electrical energy
storage solutions.  With annual revenues of approximately $3.2 billion and
operations in 89 countries, the company serves the industrial and
transportation markets.
    Industrial applications include network power batteries for
telecommunications systems, fuel cell load leveling, electric utilities,
railroads, photovoltaic and other critical uninterruptible power supply
markets; and motive power batteries for a broad range of equipment uses
including lift trucks, mining and other commercial vehicles.