Exide Technologies, a provider of stored electrical-energy solutions, announced that Michael Ostermann has accepted the Company’s offer to lead the Transportation Europe division, and is expected to assume his responsibilities as President, Transportation Europe, no later than January 2, 2009. Reporting to Exide’s Executive Vice President and Chief Operating Officer EJ O’Leary, Mr. Ostermann will be responsible for the commercial and operational aspects of the division as well as the overall profitability of the business. He will be based at the Exide Transportation Europe headquarters in Gennevilliers, France. He succeeds Rodolphe Reverchon, who served Exide as President, Transportation Europe, from May of 2005 to September of 2008. Until Mr. Ostermann assumes his new position at Exide, Joel Campbell will continue serving the Company as Interim President for the Transportation Europe division.

Ostermann brings a broad range of automotive industry and operations experience to his new position at Exide. Since 2005, he has served Frauenthal Holding AG in a number of capacities, including Management Board Member and Managing Director with full divisional responsibility for the Company’s Automotive Components sector. Frauenthal is a Tier 1 supplier of leaf springs, suspension arms, stabilizers, braking system air reservoirs and U-Bolts to all of the commercial vehicle manufacturers in Europe. Prior to his three years at Frauenthal, he held a number of positions at Styria, a European manufacturer of leaf springs and stabilizer bars for commercial vehicles and trailer axles.