Results Of The Consent Solicitation In Relation To 10.00% Senior Notes Due 2014

  Results Of The Consent Solicitation In Relation To 10.00% Senior Notes Due

PR Newswire

XINYU CITY, China and SUNNYVALE, Calif., Dec. 21, 2012

XINYU CITY, China and SUNNYVALE, Calif., Dec. 21, 2012 /PRNewswire/ --
Reference is made to the announcement of LDK Solar Co., Ltd. (the "LDK Solar")
(NYSE: LDK), dated December 14, 2012 in relation to the solicitation of
consents (the "Consent Solicitation") described below. As indicated in the
consent solicitation statement dated December 14, 2012 (the "Consent
Solicitation Statement"), the consent solicitation period expired at 5:00
p.m., London time, on December 21, 2012.

LDK Solar announces that it has received the required number of unrevoked
consents (the "Requisite Consents") from holders of its 10.00% Senior Notes
Due 2014 (ISIN No. XS0592597099, Common Code: 059259709) (the "2014 Notes")
necessary to approve certain proposed amendments described in the Consent
Solicitation Statement (the "Proposed Amendments") to the indenture, dated as
of February 28, 2011 (as supplemented or amended to the date hereof, the
"Indenture"), by and among LDK Solar, the Subsidiary Guarantors (as defined
therein), The Bank of New York Mellon, London Branch, as trustee (the
"Trustee") and paying and transfer agent, and The Bank of New York Mellon
(Luxembourg) S.A., as registrar, governing its 2014 Notes. Unless otherwise
defined herein, capitalized terms used in this announcement have the meanings
set forth in the Indenture.

LDK Solar will make a cash payment (the "Consent Fee") to each holder of the
2014 Notes for each RMB10,000 in principal amount of 2014 Notes in respect of
which such holder has validly delivered (and not validly revoked) a consent
prior to the expiration date. The Consent Fee of RMB10 per RMB10,000 in
principal amount of 2014 Notes will be payable in U.S. dollars applying an
exchange rate of RMB6.25 to US$1.00, resulting in a Consent Fee of US$1.60 per
RMB10,000 in principal amount of 2014 Notes.

As the Requisite Consents have been obtained, LDK Solar and the Subsidiary
Guarantors intend to execute a supplemental indenture (the "Supplemental
Indenture") with the Trustee as soon as practicable to give effect to the
Proposed Amendments.

The distribution of this announcement in certain jurisdictions may be
restricted by law. Persons into whose possession this announcement comes are
required to inform themselves about, and to observe, any such restrictions.

This announcement does not constitute an offer to sell or the solicitation of
an offer to buy any securities in the United States or any other jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. No securities may be offered or sold in the United States absent
registration or an applicable exemption from registration requirements. Any
public offering of securities to be made in the United States will be made by
means of a prospectus. Such prospectus will contain detailed information about
the company making the offer and its management and financial statements. No
public offer of securities is to be made by the LDK Solar Co., Ltd. in the
United States.


LDK Solar 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


This announcement 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 due to many factors, including changes
in the market and price for the 2014 Notes; changes in the business and
financial condition of LDK Solar and its subsidiaries; changes in the debt
markets in general; and the occurrence of events specified in the Consent
Solicitation that would trigger a condition permitting termination or
amendment of the Consent Solicitation. 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.

Contact: Lisa Laukkanen, The Blueshirt Group for LDK Solar, +1-415-217-4967,; or Jack Lai, Executive VP and CFO, LDK Solar Co.,
Ltd., +1-408-245-8801,
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