Q-Cells SE : Q-Cells and LDK Solar: early loan repayment and adjustment of the solar wafer supply contract

Q-Cells SE / Q-Cells and LDK Solar: early loan repayment and adjustment of the
solar wafer supply contract processed and transmitted by Hugin AS. The issuer
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Bitterfeld-Wolfen  (Germany),  20  September  2010:  Q-Cells  SE  (QCE;   ISIN 
DE0005558662) has reached an agreement with  the Chinese company LDK Solar  to 
repay the loan extended to LDK Solar  by Q-Cells in 2008 early (originally  an 
advance payment for raw  material supplies) and to  adjust the existing  solar 
wafer supply  contract.  The  early  repayment of  the  loan  will  strengthen 
Q-Cells' liquidity  position and  is a  major step  forward in  the long  term 
financing of  the  company. Q-Cells  has  two outstanding  convertible  bonds. 
Repayment of €492.5 million for the first of these is due in February 2012.

LDK Solar will repay  the loan granted by  Q-Cells, which currently stands  at 
USD 224.9 million  (ca. €170 million),  in its  entirety by the  end of  2011. 
Payments of USD  195.0 million  (ca. €150 million)  from LDK  Solar have  been 
agreed until  the  end  of  2010.  An initial  payment  of  USD  56.2  million 
(approximately €44 million) has already  been made. Previously, the  repayment 
schedule envisaged staged  repayment up  to the end  of 2015.  In return,  the 
existing bank  guarantee, with  which  the Q-Cells  loan  is secured  will  be 
reduced in stages and replaced by other collateral.

At the same time, both parties  reached agreement on adjusting the prices  for 
the existing  supply  contract  for  solar wafers.  In  addition  until  2018, 
flexible prices will continue  to apply for the  entire term of the  contract. 
These will be in line with the market price, and be determined on a  quarterly 

For more information please contact:

Q-Cells SE
OT Thalheim
Sonnenallee 17 - 21
06766 Bitterfeld-Wolfen

Investor Relations:
Stefan Lissner
Tel.: +49 - (0)3494 - 6699 10101

Corporate Communications:
Ina von Spies
Tel.: +49 - (0)3494 - 6699 10121


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Q-Cells SE
OT Thalheim, Sonnenallee 17-21 Bitterfeld-Wolfen Germany

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