Exide Technologies Retains Financial Advisor

Exide Technologies Retains Financial Advisor

MILTON, Ga., April 4, 2013 (GLOBE NEWSWIRE) -- Exide Technologies
(Nasdaq:XIDE) (www.exide.com), a global leader in stored electrical energy
solutions, announced today that the financial advisory firm of Lazard has been
retained to advise the company on financing alternatives to maximize the value
of the company for all stakeholders. The company does not anticipate making
any further announcements regarding its review until the process is complete.
In addition, the company expects that fiscal 2013 fourth quarter free cash
flow will be approximately $50 million, exceeding prior guidance of $30
million, with total liquidity (cash and availability under credit lines) at
March 31, 2013 of greater than $230 million. These amountsare all subject to
final audit and, therefore, could be subject to change. 

About Exide Technologies

Exide Technologies, with operations in more than 80 countries, is one of the
world's largest producers and recyclers of lead-acid batteries. The Company's
four global business groups -- Transportation Americas, Transportation Europe
and Rest of World, Industrial Energy Americas and Industrial Energy Europe and
Rest of World -- provide a comprehensive range of stored electrical energy
products and services for industrial and transportation applications.

Transportation markets include original-equipment and aftermarket automotive,
heavy-duty truck, agricultural and marine applications, and new technologies
for hybrid vehicles and automotive applications. Industrial markets include
network power applications such as telecommunications systems, electric
utilities, railroads, photovoltaic (solar-power related) and uninterruptible
power supply (UPS), and motive-power applications including lift trucks,
mining and other commercial vehicles.

Further information about Exide, including its financial results, are
available at www.exide.com.

The Exide Technologies logo is available at

Forward-Looking Statements

Except for historical information, this news release may be deemed to contain
"forward-looking" statements. The Company desires to avail itself of the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995 (the
"Act") and is including this cautionary statement for the express purpose of
availing itself of the protection afforded by the Act.

Examples of forward-looking statements include, but are not limited to
(a)projections of revenues, cost of raw materials, income or loss, earnings
or loss per share, capital expenditures, growth prospects, dividends, the
effect of currency translations, capital structure, and other financial items,
(b)statements of plans and objectives of the Company or its management or
Board of Directors, including the introduction of new products, or estimates
or predictions of actions by customers, suppliers, competitors or regulating
authorities, (c)statements of future economic performance, (d)statements
regarding liquidity and (e)statements of assumptions, such as the prevailing
weather conditions in the Company's market areas, underlying other statements
and statements about the Company or its business, and (f) statements regarding
tax and liquidity impacts from asset sales and restructuring activities.

Factors that could cause actual results to differ materially from these
forward looking statements include, but are not limited to, the following
general factors such as: (i)the fact that lead, a major constituent in most
of the Company's products, experiences significant fluctuations in market
price and is a hazardous material that may give rise to costly environmental
and safety claims, (ii)the Company's ability to implement and fund business
strategies based on current liquidity, (iii)the Company's ability to realize
anticipated efficiencies and avoid additional unanticipated costs related to
its restructuring activities, (iv)the cyclical nature of the industries in
which the Company operates and the impact of current adverse economic
conditions on those industries, (v)unseasonable weather (warm winters and
cool summers) which adversely affects demand for automotive and some
industrial batteries, (vi)the Company's substantial debt and debt service
requirements which may restrict the Company's operational and financial
flexibility, as well as imposing significant interest and financing costs,
(vii)the litigation proceedings to which the Company is subject, the results
of which could have a material adverse effect on the Company and its business,
(viii)the realization of the tax benefits of the Company's net operating loss
carry forwards, which is dependent upon future taxable income,
(ix)competitiveness of the battery markets in the Americas and Europe,
(x)risks involved in foreign operations such as disruption of markets,
changes in import and export laws, currency restrictions, currency exchange
rate fluctuations and possible terrorist attacks against U.S. interests,
(xi)the ability to acquire goods and services and/or fulfill later needs at
budgeted costs, (xii)general economic conditions, (xiii)the Company's
ability to successfully pass along increased material costs to its customers,
(xiv)recently adopted U.S. lead emissions standards and the implementation of
such standards by applicable states, and (xv)those risk factors described in
the Company's fiscal 2012 Form 10-K for the fiscal year ended March 31, 2012.

The Company cautions each reader of this news release to carefully consider
those factors set forth above. Such factors have, in some instances, affected
and in the future could affect the ability of the Company to achieve its
projected results and may cause actual results to differ materially from those
expressed herein.

         Carol Knies
         Senior Director, Investor Relations
         Exide Technologies
         678/566-9316 phone

Exide Technologies Logo
Press spacebar to pause and continue. Press esc to stop.