LDK Solar Reaches Agreement to Terminate Wafer Contract

           LDK Solar Reaches Agreement to Terminate Wafer Contract

PR Newswire

XINYU CITY, China and SUNNYVALE, Calif., Nov. 13, 2012

XINYU CITY, China and SUNNYVALE, Calif., Nov. 13, 2012 /PRNewswire/ --LDK
Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading vertically integrated
manufacturer of photovoltaic (PV) products, today announced that it has
reached an agreement with a Europe-based PV customer to terminate their
long-term solar wafer supply agreement.

Under the terms of the agreement, originally signed in 2008, LDK Solar was to
supply multicrystalline silicon wafers over a ten-year period. As part of the
original agreement, the PV customer made an advanced payment representing a
portion of the contract value to LDK Solar.

As part of the settlement, the parties mutually agreed to terminate the supply
agreement, and that LDK Solar will receive approximately $37 million. 

"We are pleased to reach a mutual agreement to terminate our 2008 wafer supply
agreement with this customer," stated Xingxue Tong, President and CEO of LDK
Solar. "We will continue to work closely with our customers and partners in
the currently challenging environment for the PV industry."

LDK Solar is assessing the extent of financial impact on its full year 2012
earnings of the termination and related contract termination charges.

About LDK Solar (NYSE: LDK)

LDK Solar Co., Ltd. (NYSE: LDK) is a leading vertically integrated
manufacturer of photovoltaic (PV) products. LDK Solar manufactures
polysilicon, mono and multicrystalline ingots, wafers, cells, modules,
systems, power projects and solutions. LDK Solar's headquarters and principal
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
LDK Solar and its 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 projects, 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 PV 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, The Blueshirt Group for LDK Solar, +1-415-217-4967,
lisa@blueshirtgroup.com, or Jack Lai, Executive VP and CFO, LDK Solar Co.,
Ltd., +1-408-245-8801, IR@ldksolar.com
 
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