LDK Solar Announces Purchase Agreement for LDK Anhui

             LDK Solar Announces Purchase Agreement for LDK Anhui

PR Newswire

XINYU CITY, China and SUNNYVALE, Calif., Jan. 2, 2013

XINYU CITY, China and SUNNYVALE, Calif., Jan. 2, 2013 /PRNewswire/ --LDK
Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading vertically integrated
manufacturer of photovoltaic products, today announced that it has signed a
purchase agreement with Shanghai Qianjiang Group in which Qianjiang Group has
agreed to purchase all shares of LDK Anhui, located in Hefei City, for
approximately RMB 25 million. According to the terms of the agreement,
Qianjiang Group will release the guarantee LDK Solar provided to LDK Anhui and
its subsidiaries within 12 months, as well as compensate LDK Solar for any
loss associated with such guarantee, prior to its release.

As of September 30, 2012, LDK Anhui carried consolidated negative net assets
of approximately USD 54 million and as of September 30, 2012, total bank
borrowings of LDK Anhui and its subsidiaries totaled approximately USD 485
million, with a consolidated asset-to-liability ratio of 107%. LDK Solar
anticipates that the divestiture of LDK Anhui will increase LDK Solar's pro
forma consolidated net assets by USD 58 million as well as decrease LDK
Solar's pro forma consolidated asset-to-liability ratio by approximately 1.8%.

"We are pleased to reach this purchase agreement with Shanghai Qianjiang Group
for LDK Anhui," stated Xingxue Tong, President and CEO of LDK Solar. "This
agreement marks continued progress on our plan to improve LDK Solar's
liquidity and working capital."

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; Jack Lai, Executive VP and CFO, LDK
Solar Co., Ltd., IR@ldksolar.com, +1-408-245-8801
 
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