Exide Technologies Receives Interim Court Approval of $500 Million Financing Agreement that Assures Continued, Uninterrupted

 Exide Technologies Receives Interim Court Approval of $500 Million Financing
      Agreement that Assures Continued, Uninterrupted Global Operations

Continues All Customer and Employee Programs Without Interruption

PR Newswire

MILTON, Ga., June 11, 2013

MILTON, Ga., June 11, 2013 /PRNewswire/ --Exide Technologies, (Nasdaq: XIDE),
a global leader in stored electrical solutions, announced today that it has
received U.S. Court approval of a variety of motions that will support the
Company's operations as it proceeds with its restructuring, including interim
approval of its $500 million Debtor-in-Possession (DIP) financing
agreementwith JP Morgan Chase , N.A. designed to facilitate and ensure the
continued uninterrupted operation of Exide's global business.

The Honorable Judge Kevin J. Carey authorized the Company to access up to $395
million of the DIP Financing Facility – the full $225 of the ABL revolving
credit facility and$170 of the $275 term loan facility. It is contemplated
that certain of the current holders of the Company's 8.625% Senior Secured
Notes due February 1, 2018 will become lenders under the DIP Financing
Facility. The Company's current asset based lending facility with outstanding
obligations of approximately $160 million, will be paid off in full as a part
of the new funding. The DIP financing and cash generated from operations
will be used to support the Company's global operations during the course of
these proceedings. A hearing to consider final approval of the DIP financing
is scheduled on July 11, 2013 at 10:00 am EDT.

In addition to the financing, the Company also received authorization to
continue its employee wages and benefits according to their existing plans,
ensuring that employees will continue to be paid according to schedule. The
Company also received authorization to honor certain prepetition obligations
to customers and to continue other customer programs including warranties,
rebates, returns, refunds, exchanges, adjustments, promotions, credits,
guarantees and all such other similar policies, programs and practices of the
Debtors in the ordinary course of business on a post-petition basis.

"We are pleased with the approval by the Court of our 'first day motions,'
particularly the DIP financing which is a key lynchpin to our go-forward
business strategy. With this important step behind us, we can focus on
servicing the needs of our customers in a timely and uninterrupted basis and
continue businesses around the globe in the ordinary course," said Chief
Executive Officer of Exide Technologies, James R. Bolch.

On June 10, Exide Technologies filed a voluntary petition for reorganization
pursuant to U.S. federal restructuring laws in the District of Delaware.
Exide Technologies' international operations were not included in the filing
and will continue their business operations without supervision from the U.S.
courts. The Company has also established two separate toll-free information
lines: one for U.S. suppliers, 888-985-9831 and another for other interested
parties, 855-291-0287. More information on Exide's U.S. restructuring is
available on the Company's web site, www.exide.com.

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
global business groups 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.

Forward Looking Statement

This press release contains forward-looking statements with respect to our
Chapter 11 filing and related matters. These forward-looking statements are
subject to known and unknown risks, uncertainties and other factors that may
cause actual results, performance or achievements to be materially different
from those expressed or implied by the forward-looking statements. Important
factors that could cause our actual results to differ materially from those
anticipated in the forward-looking statements include, among other things: (i)
the ability of Exide to develop, prosecute, confirm and consummate the Chapter
11 plan of reorganization; (ii) the potential adverse effect of the Chapter 11
filing on Exide's liquidity and operations and the risks associated with
operating businesses under Chapter 11 protection; (iii) the ability of Exide
to comply with the terms of the DIP financing facility; (iv) Exide's ability
to obtain additional financing; (v) Exide's ability to retain key management
and employees, (vi) customer response to the Chapter 11 filing; and (vii) the
risk factors or uncertainties listed from time to time in Exide's filings with
the Securities and Exchange Commission and with the U.S. Bankruptcy Court in
connection with the company's Chapter 11 filing. Other factors and assumptions
not identified above are also relevant to the forward-looking statements, and
if they prove incorrect, could also cause actual results to differ materially
from those projected.

SOURCE Exide Technologies

Website: http://www.exide.com
Contact: Brenda Adrian, 212-573-6100 or Anita-Marie Laurie, 310-788-2850
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