LDK Solar Announces Arbitration Ruling

                    LDK Solar Announces Arbitration Ruling

PR Newswire

XINYU CITY, China and SUNNYVALE, Calif., Dec. 27, 2012

XINYU CITY, China and SUNNYVALE, Calif., Dec. 27, 2012 /PRNewswire/ --LDK
Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading vertically integrated
manufacturer of photovoltaic products, today announced that the China
International Economic and Trade Arbitration Commission (CIETAC) stated that
the wafer equipment supply contract entered into in July 2008 between LDK
Solar and JYT Corporation of Beijing (JYT) is valid and effective through the
duration and at terms and conditions related to quantities and prices set
forth therein. Under this contract, LDK Solar agreed to purchase furnaces used
in the manufacturing of multicrystalline and monocrystalline ingots for
installation in its manufacturing facilities in Xinyu City, China.

On December 25, 2012 CIETAC stated that by virtue of the arbitration
proceedings LDK shall pay to JYT an amount of approximately RMB 294 million as
well as approximately an additional amount of RMB 3.4 million to cover
arbitral fees accrued as a result of this proceeding.

"With regret, we were unable to take delivery of the ordered furnaces as
scheduled from JYT primarily due to slower than expected industry growth and
the widely available capacity of other peers," stated Xingxue Tong, President
and CEO of LDK Solar. "LDK Solar is committed to innovation, quality and
customer service. We have sufficient manufacturing capacity to support our
valued customers and we will continue working with our vendors and customers,
so that together we can overcome the challenges facing our industry,"
concluded Mr. Tong.

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,
lisa@blueshirtgroup.com, +1-415-217-4967, or Jack Lai, Executive VP and CFO,
LDK Solar Co., Ltd., IR@ldksolar.com, +1-408-245-8801
 
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