EXIDE ELECTRONICS ANNOUNCES STATUS OF DELTEC TRANSACTION

Raleigh, N.C., February 13, 1996--Exide Electronics Group, Inc.
(NASDAQ:XUPS), announced today that it has entered into an agreement with
Fiskars OY AB and Fiskars Holdings, Inc. ("Fiskars") to extend the closing
date of its previously announced acquisition of Deltec Power Systems, Inc.
and its subsidiaries ("Deltec"), which is owned by Fiskars. Under the
terms of the extension agreement, it is anticipated that the closing will
take place during March, 1996.

Exide Electronics expects to pay the cash portion of the purchase price
through bank borrowings and the issuance of debt. By extending the date
for closing, Exide Electronics will have greater flexibility in how it
finances the acquisition. Exide Electronics can now issue debt
contemporaneously with the acquisition closing, which would not have been
possible prior to this amendment.

In addition to extending the closing date, the parties have agreed to
certain modifications to the form of payment of the purchase price. As
previously announced, the parties had agreed that the purchase price of
approximately $195 million would be paid by Exide Electronics issuing
1,875,000 shares of its common stock (valued at $20 per share), with the
balance to be paid in cash.

As amended, that total purchase price will now be paid through the issuance
of 825,000 shares of Exide Electronics' common stock, 1, 000,000 shares of
Exide Electronics' convertible preferred stock, with the balance of the
purchase price to be paid in cash. The per share value of the stock, both
common and preferred, is $20, as originally agreed. The preferred stock is
convertible into shares of Exide Electronics' common stock on a
one-for-one basis (subject to adjustment under certain customary
circumstances), will have an annual dividend rate of $0.80 per share
through March 31, 2001, and $1.20 per share thereafter, and will be
subject to redemption under certain circumstances.

Under the terms of Exide Electronics' agreement with Fiskars to acquire
Deltec, the purchase price is subject to adjustment based on Deltec's
change in net equity since September 30, 1995, calculated as of the
closing. Costs associated with closing the transaction, as well as the
amendment to extend the closing date, will be in addition to the purchase
price. In the event Exide Electronics does not close the acquisition as
scheduled, Exide Electronics has agreed to pay to Fiskars a fee of $5.0
million.

Deltec designs, manufactures, markets, sells and services a broad line of
uninterruptible power supply ("UPS") products and power management
software worldwide through its principal operating subsidiaries, Deltec
Electronics Corporation, which is headquartered in San Diego, California
and FPS Power Systems OY AB, which is based in Helsinki, Finland.

Headquartered in Raleigh, NC, Exide Electronics provides Strategic Power
Management solutions to a broad range of businesses and institutions
worldwide, including many Fortune 1000 companies. Exide Electronics'
products are used for financial, medical, industrial, telecommunications,
military, and aerospace applications - wherever continuous power is
essential to daily operations. In fiscal 1995, Exide Electronics had
revenues of $391 million and pro forma net income of $13 million.
 
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