LDK Solar and Q-Cells Announce Continuation of Supply Contract

        LDK Solar and Q-Cells Announce Continuation of Supply Contract

  PR Newswire

  XINYU CITY, China and SUNNYVALE, Calif. and BITTERFELD-WOLFEN, Germany, Dec.
  4

XINYU CITY, China and SUNNYVALE, Calif. and BITTERFELD-WOLFEN, Germany, Dec. 4
/PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. (NYSE: LDK) and Q-Cells SE (QCE;
ISIN DE0005558662) jointly announce that the two companies have reached an
agreement to continue their supply contract for solar wafers from 2009 to
2018. During recent amicable negotiations, the two companies resolved all
differences of opinion over the interpretation of the agreement and neither
side will pursue legal action. Q-Cells also agreed to no longer pursue
measures to collect the bank guarantee. Joint business activities between the
two companies remain unchanged.

LDK Solar and Q-Cells have agreed to increase the flexibility of the delivery
schedule. Flexible pricing based on market levels and Q-Cells' preferred
customer status will apply for the entire remainder of the contract term. A
portion of shipments scheduled in the years 2009 to 2011 have been postponed
to the period 2012 to 2018. Q-Cells will receive around 20% in the current
year and at least one third of the originally agreed volumes in 2010 and 2011.
Q-Cells also has the option to increase these volumes if needed. The total
delivery volume for the entire ten-year term of the contract remains unchanged
at approximately 6 Giga Watts. In addition to the amendment, the parties have
finalized an agreement to expand their cooperation in the areas of cell and
module processing. Q-Cells will supply solar cells to LDK Solar on a tolling
basis and LDK Solar will supply modules to Q-Cells on the same basis.

About LDK Solar (NYSE: LDK)

LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar
wafers, which are the principal raw material used to produce solar cells. LDK
Solar sells multicrystalline wafers globally to manufacturers of photovoltaic
products, including solar cells and solar modules. In addition, LDK Solar
provides wafer processing services to monocrystalline and multicrystalline
solar cell and module manufacturers. LDK Solar's headquarters and
manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City,
Jiangxi Province in the People's Republic of China. LDK Solar's office in the
United States is located in Sunnyvale, California.

About Q-Cells SE

Established in 1999, Q-Cells is one of the biggest photovoltaics companies in
the world. In 2008, the company manufactured solar cells and thin-film modules
with a total output of 574 Megawatt peak (MWp). At Q-Cells, more than 250
scientists and engineers are working on enhancing the technology in order to
achieve the company's aim: reducing the costs of photovoltaics quickly and
permanently, and making the technology affordable and competitive. In addition
to the activities in the core business, several subsidiaries of Q-Cells SE
have been producing photovoltaic modules based on various thin-film
technologies since mid-2008. With Q-Cells International GmbH, the company also
plans and develops large photovoltaic systems. The company currently has
around 2,600 employees. Q-Cells SE is currently commissioning a production
facility in Malaysia, has branches in Hong Kong, China and Japan and is listed
on the Frankfurt stock exchange (QCE; ISIN DE0005558662) and in the German
technology index TecDAX.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical fact in this press
release are forward-looking statements, including but not limited to, LDK
Solar's ability to raise additional capital to finance its operating
activities, the effectiveness, profitability and marketability of its
products, the future trading of its securities, the ability of LDK Solar to
operate as a public company, the period of time during which its current
liquidity will enable LDK Solar to fund its operations, its ability to protect
its proprietary information, the general economic and business environment and
conditions, the volatility of LDK Solar's operating results and financial
condition, its ability to attract and retain qualified senior management
personnel and research and development staff, its ability to timely and
efficiently complete its ongoing construction projects, including its
polysilicon plants, and other risks and uncertainties disclosed in LDK Solar's
filings with the Securities and Exchange Commission. These forward-looking
statements involve known and unknown risks and uncertainties and are based on
information available to LDK Solar's management as of the date hereof and on
its current expectations, assumptions, estimates and projections about LDK
Solar and the solar industry. Actual results may differ materially from the
anticipated results because of such and other risks and uncertainties. LDK
Solar undertakes no obligation to update forward-looking statements to reflect
subsequent events or circumstances, or changes in its expectations,
assumptions, estimates and projections except as may be required by law.

SOURCE LDK Solar Co., Ltd.

Website: http://www.ldksolar.com
Contact: Lisa Laukkanen of The Blueshirt Group, +1-415-217-4967,
lisa@blueshirtgroup.com, for LDK Solar; or Jack Lai, Executive VP and CFO of
LDK Solar Co., Ltd., +1-408-245-8801, IR@ldksolar.com
 
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