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C&D Technologies Announces Plan for Reverse Stock Split

BLUE BELL, Pa. Jan. 31, 2011 January 26, 2011 January 31, 2011 State of Delaware

Corporate Action 1: Amendment to Certificate of Incorporation

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Corporate Action 2: Reverse Stock Split

Having received the consent of the Majority Stockholder, an amendment to the Amended and Restated Certificate of Incorporation to effect a reverse stock split of the issued and outstanding and treasury shares of Common Stock at a ratio of 1-for-35, pursuant to which each 35 shares of the issued and outstanding and treasury shares of Common Stock will be combined and reclassified into 1 share of Common Stock, was duly approved by our stockholders. Each stockholder otherwise entitled to receive a fractional share of common stock as a result of the reverse stock split will receive one full share of common stock in lieu of the Company issuing such fractional share or paying cash in respect thereof.  The amendment to the Amended and Restated Certificate of Incorporation effecting the reverse stock split of the issued and outstanding and treasury shares of Common Stock at a ratio of 1-for-35 will not be effective until a minimum of 20 calendar days after the mailing of the Information Statement to our stockholders.

Corporate Action 3: 2011 Stock Option Plan

Having received the consent of the Majority Stockholder, the Company’s 2011 Stock Option Plan (the "2011 Stock Option Plan"), which will allow us to make grants of incentive and nonqualified stock options to our employees, including our named executive officers, directors, and consultants, was duly approved by our stockholders. The 2011 Stock Option Plan reserves 52,989,895 shares of the Company’s Common Stock for issuance, which will be adjusted to 1,513,997 after the reverse stock split described above is effected. The 2011 Stock Option Plan will also be subject to adjustment in the event of any other stock dividends, stock splits, reverse stock splits, recapitalizations, reorganizations, mergers, consolidations, combinations, exchanges, or other similar changes in the outstanding Common stock or capital structure of the Company. No options will be granted under the 2011 Stock Option Plan until a minimum of 20 calendar days after the mailing of the Information Statement to our stockholders.

About C&D Technologies:

Blue Bell, Pennsylvania http://www.cdtechno.com

Forward-looking Statements:

October 20, 2010

SOURCE C&D Technologies, Inc.

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