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To: Harbie who wrote (106433)	6/10/2002 10:45:35 AM
From: Jim Bishop	Respond to of 150070

EXDTQ Exide Technologies Closes $177.5 Million Securitization Financing PRINCETON, N.J., Jun 10, 2002 (BUSINESS WIRE) -- Exide Technologies, Inc. (OTCBB: EXDTQ) today announced that on May 31, 2002 it funded and closed its $177.5 million pan-European securitization facility. The financing, which was announced on April 15, 2002, was arranged by Citicorp USA, a subsidiary of Citibank N.A., and other financial institutions. Craig Muhlhauser, Chairman and Chief Executive Officer of Exide Technologies, said, "The securitization financing ensures that our international operations, which are not included in our Chapter 11 filing, can continue to support our customers' requirements and move forward with the implementation of our business plan." As previously announced, Exide Technologies and certain of its U.S. subsidiaries filed petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code on April 15, 2002. About Exide Technologies: Exide Technologies is the world's largest industrial and transportation battery producer and recycler, with operations in 89 countries. Industrial applications include network-power batteries for telecommunications systems, fuel-cell load leveling, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS) markets; and motive-power batteries for a broad range of equipment uses, including lift trucks, mining vehicles and commercial vehicles. Transportation uses include automotive, heavy-duty truck, agricultural, marine and other batteries, as well as new technologies being developed for hybrid vehicles and new 42-volt automotive applications. The Company supplies both aftermarket and original-equipment transportation customers. Further information about Exide Technologies, its financial results and other information can be found at www.exide.com. CONTACT: Gavin Anderson & Company, New York Media: Joel Weiden, 212/515-1970 Investors: Mayura James, 212/515-1962 URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2002 Business Wire. All rights reserved. -0- KEYWORD: NEW JERSEY INDUSTRY KEYWORD: BANKING TELECOMMUNICATIONS TRANSPORTATION UTILITIES SOURCE: Exide Technologies * end of story *