Exide Technologies announced today that it has filed its plan of reorganization (the "Plan") and disclosure statement with the U.S. Bankruptcy Court for the District of Delaware. The Plan and disclosure statement are consistent with the terms of the Plan Support Agreement ("PSA") and related plan term sheet into which the company previously entered on November 4, 2014 with holders of a majority of the principal amount of Exide's senior secured notes (the "Supporting Noteholders").

There is substantial support among the Supporting Noteholders for entry into a definitive backstop agreement for the $175 million in new capital contemplated under the Plan, and the company continues to negotiate the terms of that agreement. Exide also intends to file a motion to seek approval from the Bankruptcy Court regarding the adequacy of information in its disclosure statement during the upcoming weeks so that it may seek confirmation of the Plan consistent with the milestones under the DIP Credit Facility. The company's goal is to emerge from Chapter 11 restructuring of its U.S. operations by March 31, 2015.

Bankruptcy Court filings, including the Plan and related disclosure statement, are available at http://www.exiderestructuringinfo.com. Additional details can be found in the Company's 8-K, to be filed with the U.S. Securities and Exchange Commission, at http://ir.exide.com/sec.cfm. The PSA is included in the Company's 8-K, filed on November 5, 2014.

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, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.