Exide's Board Votes for Corporate Cash Dividend of Common Stock

Members of the Exide Corp. (Reading, PA) board of directors have voted a corporate cash dividend for its first fiscal quarter of $0.02 per share of common stock, payable September 15, 2000, to shareholders of record on September 5, 2000.Exide Corp., following its planned acquisition of GNB Technologies, plans to have annual revenues of approximately $3.2 billion, and plans to become the world-leading manufacturer of electrical energy-storage solutions for transportation and industrial applications.