LDK Solar Reaches Agreement with Q-Cells

                   LDK Solar Reaches Agreement with Q-Cells

  PR Newswire

  XINYU CITY, China and SUNNYVALE, Calif., Sept. 22

XINYU CITY, China and SUNNYVALE, Calif., Sept. 22 /PRNewswire/ -- LDK Solar
Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading manufacturer of
multicrystalline solar wafers and PV products, today announced that it has
reached an agreement with Q-Cells SE (Q-Cells) regarding an existing solar
wafer supply contract that the two companies entered into in December of 2007.
LDK Solar has agreed to an early repayment of the prepayment of $244.5
million Q-Cells made pursuant to the supply agreement. Under the new
agreement, LDK Solar will repay the prepayment in its entirety, which
currently stands at $224.9 million, by the end of 2011. Payments totalling
$135 million will be made in 2010. The current repayment will be funded by
restricted cash, which was previously earmarked for such transactions.

At the same time, both parties reached an agreement on pricing terms for the
existing solar wafer supply contract which extends to 2018.

About LDK Solar (NYSE: LDK)

LDK Solar Co., Ltd. (NYSE: LDK) is a leading vertically integrated
manufacturer of photovoltaic (PV) products and the world's largest producer of
multicrystalline wafers. LDK Solar manufactures polysilicon, mono and
multicrystalline ingots, wafers, modules, and engages in project development
activities in selected segments of the PV market. Through its broad product
offering of mono and multicrystalline solar wafers and modules, LDK Solar
provides its customers with a full spectrum of solutions. 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. For
more information about our company and products, please visit www.ldksolar.com

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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