Exide Technologies Announces Preliminary Results Of Tender Offer And Consent Solicitation For Outstanding 10 1/2% Senior Secured Notes Due 2013

MILTON, Ga., Jan. 25, 2011 (GLOBE NEWSWIRE) -- Exide Technologies (Nasdaq:XIDE), a global leader in stored electrical energy solutions, announced today the results to date of its previously announced cash tender offer for its outstanding 10 ½% Senior Secured Notes due 2013 (the "Notes") (CUSIP No. 302051AJ6) and the related consent solicitation to amend the indenture governing the Notes. The tender offer and the consent solicitation are being made on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated January 10, 2011 (the "Offer to Purchase") and the related letter of transmittal and consent.

At or prior to 5:00 p.m., New York City time, on January 24, 2011 (the "Consent Deadline"), $276,069,000aggregate principal amount of Notes, representing approximately 95.20% of the aggregate principal amount of Notes outstanding, had been validly tendered and not validly withdrawn pursuant to the tender offer and the consent solicitation. The Company intends to accept for purchase all $276,069,000 aggregate principal amount of Notes validly tendered and not validly withdrawn at or prior to the Consent Deadline. Accordingly, the Company has received consents sufficient to approve the proposed amendments to the indenture governing the Notes. The Company and the trustee for the Notes will enter into a supplemental indenture containing the proposed amendments to the indenture governing the Notes, which amendments will become operative on the initial date of acceptance for purchase of the Notes validly tendered and not validly withdrawn pursuant to the tender offer and the consent solicitation.

In accordance with the Offer to Purchase, the consent solicitation expired at the Consent Deadline, and withdrawal rights under the tender offer terminated at the Consent Deadline. Accordingly, Notes validly tendered and not validly withdrawn at or prior to the Consent Deadline may no longer be withdrawn and consents validly delivered and not validly revoked at or prior to the Consent Deadline may no longer be revoked.