ALPHARETTA, GA -- Exide Technologies announced today that it will file its Annual Report on Form 10-K for the fiscal year ended March 31 on June 29.

Net sales for the fourth fiscal quarter were $730.6 million compared to $712.8 million in the prior year quarter. Foreign currency negatively impacted year-over-year fourth quarter sales by approximately $32 million, which was more than offset by favorable pricing in all businesses as well as increased volume in both its Transportation Divisions and its Industrial Energy North American Division.

The net loss for the fourth quarter of fiscal 2006 was $76.3 million or $(3.05) a share compared with a net loss of $44.4 million or $(1.78) a share in the prior year period. The increase in the net loss in the fourth quarter is principally driven by the recording of $24 million for a settlement with the U.S. Attorney for the Southern District of Illinois relating to a historic fine and a $5 million increase in interest cost due to higher debt and rates.

In the Form 10-K, the company reported net sales of $2.82 billion in fiscal 2006 compared with $2.69 billion in fiscal 2005. This increase was principally attributable to growth in Industrial Energy worldwide and Transportation North America, partially offset by $53 million of negative foreign currency impact. Additionally, net sales were favorably impacted by overall pricing actions throughout all segments.

Net loss as reported was $172.7 million or $(6.91) a share in fiscal 2006 compared with net loss of $466.9 million or $(18.68) a share in the period May 6, 2004 to March 31, 2005 (successor company). The fiscal 2005 results included a goodwill impairment charge of $389 million. Excluding this, the net loss for the current fiscal year increased by approximately $95 million, principally driven by a $54 million reduction on the gain from revaluation of the company's warrants' liability (from $63 million in fiscal 2005 to $9 million in fiscal 2006), $27 million of increased interest expense due to higher debt and rates and the recording of the aforementioned settlement with the U.S. Attorney.

Adjusted EBITDA in the fourth quarter of 2006 was $19.3 million compared to $6.5 million in the fourth quarter of the fiscal year. Full year 2006 adjusted EBITDA was $104.5 million compared to $105.7 million in fiscal 2005.

The company has also concluded, after further review of various tax and non-tax related entries, that it will not be restating prior period financials results, as was previously reported in a press release dated June 14.

For more information about Exide, visit: www.exide.com .

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