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Exide Secures Credit Agreement Amendment and Waiver

Exide Technologies (NASDAQ: XIDE) announced today that the Company has secured from its bank group a Credit Agreement amendment and waiver related to a qualified going-concern opinion that was included in its 10-K Annual Report for the fiscal year ended March 31, 2005, which was filed today with the U.S. Securities and Exchange Commission. The going-concern opinion resulted in a default under the Company’s Credit Agreement and prevented Exide from borrowing under its Credit Agreement. With the amendment and waiver, the Company now has access to borrowings under its Credit Agreement. “We appreciate the rapid action by our bank group in addressing this issue so the Company can once again focus on running the business and meeting the expectations of our shareholders and customers,” said Gordon A. Ulsh, President and Chief Executive Officer. Exide Technologies, with operations in 89 countries, produces and recycles of lead-acid batteries. The Company’s four global business groups – Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World – provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications. Website: http://www.exide.com     

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Exide Secures Credit Agreement Amendment and Waiver

Exide Technologies (NASDAQ: XIDE) announced today that the Company has secured from its bank group a Credit Agreement amendment and waiver related to a qualified going-concern opinion that was included in its 10-K Annual Report for the fiscal year ended March 31, 2005, which was filed today with the U.S. Securities and Exchange Commission. The going-concern opinion resulted in a default under the Company’s Credit Agreement and prevented Exide from borrowing under its Credit Agreement. With the amendment and waiver, the Company now has access to borrowings under its Credit Agreement. “We appreciate the rapid action by our bank group in addressing this issue so the Company can once again focus on running the business and meeting the expectations of our shareholders and customers,” said Gordon A. Ulsh, President and Chief Executive Officer. Exide Technologies, with operations in 89 countries, produces and recycles of lead-acid batteries. The Company’s four global business groups – Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World – provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications. Website: http://www.exide.com     

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Synagro Technologies, Inc. Announces Underwriters Exercised Over-Allotment Option

Synagro Technologies, Inc. (Nasdaq SmallCap:SYGR) announced today that the underwriters on the Company’s follow-on offering recently exercised their over-allotment option to purchase an additional 4,150,000 shares of the Company’s common stock. As outlined in the offering prospectus, the over-allotment shares of common stock were offered by the selling stockholders. Banc of America Securities LLC and Lehman Brothers were the joint book-running managers for the offering. In addition, CIBC was a lead manager, and Raymond James and Sanders Morris Harris were co-managers for the offering. Copies of the final prospectus relating to the offering may be obtained from Banc of America Securities LLC, Attn: Prospectus Department, 100 West 33rd Street, New York, New York 10001 or via e-mail or Lehman Brothers Inc., c/o ADP Financial Services, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, New York 11717. Synagro Technologies, Inc. is a recycler of biosolids and other organic residuals in the United States, focused exclusively on the estimated $8 billion organic residuals industry, which includes water and wastewater residuals. The Company serves approximately 600 municipal and industrial water and wastewater treatment accounts with operations in 37 states and the District of Columbia.

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