LDK Solar Closes Share Purchase Transaction with Heng Rui Xin Energy

     LDK Solar Closes Share Purchase Transaction with Heng Rui Xin Energy

PR Newswire

XINYU CITY, China and SUNNYVALE, Calif., Nov. 16, 2012

XINYU CITY, China and SUNNYVALE, Calif., Nov. 16, 2012 /PRNewswire/ --LDK
Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading vertically integrated
manufacturer of photovoltaic products, today announced that it closed the
share purchase agreement entered into on October 19, 2012 with Heng Rui Xin
Energy Co., Ltd., a PRC company invested by privately owned and state-owned
funds ("HRX"), with 25,307,497 ordinary shares issued by LDK Solar to Heng Rui
Xin Energy (HK) Co., Limited, a wholly owned subsidiary of HRX, accounting for
approximately 19.9% of the total issued and outstanding capital of LDK Solar
prior to such issuance, upon receipt by LDK Solar of the purchase price of
US$0.86 per share.

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.

About Heng Rui Xin Energy
Heng Rui Xin Energy Co., Ltd is a company engaged in solar power, investment
and related businesses. Its 60% equity is owned by Hi-tech Wealth Investment
and Developing Co., Ltd., a company engaged in investment and solar power
related businesses, and 40% equity is owned by Xinyu State-owned Asset
Management Co., Ltd.

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,
lisa@blueshirtgroup.com, +1-415-217-4967; Jack Lai, Executive VP and CFO, LDK
Solar Co., Ltd., IR@ldksolar.com, +1-408-245-8801
Press spacebar to pause and continue. Press esc to stop.