LDK Solar Provides Update on China Development Bank Financing

        LDK Solar Provides Update on China Development Bank Financing

PR Newswire

XINYU CITY, China and SUNNYVALE, Calif., Jan. 31, 2013

XINYU CITY, China and SUNNYVALE, Calif., Jan. 31, 2013 /PRNewswire/ -- LDK
Solar Co., Ltd. ("LDK Solar"; NYSE: LDK), a leading vertically integrated
manufacturer of photovoltaic products, today announced that China Development
Bank Corporation ("CDB") has recently approved a RMB 440,000,000
(approximately USD 69.8 million) loan to finance the technology upgrade for
the Mahong Polysilicon Plant. The financing will primarily be used to invest
in hydrochlorination technology, a critical technological improvement
necessary to significantly reduce the manufacturing cost of silicon production
at the plant. LDK Solar plans to drawdown the loan as market conditions
improve and the necessary equipment is ready for its use.

To date, LDK Solar has invested over RMB 12,000,000,000 (approximately USD 1.9
billion) in the Mahong Polysilicon Plant. These investments have been the
primary reason for LDK Solar's high debt ratio. LDK Solar remains focused on
continued investment in hydrochlorination technology and reducing the cost of
silicon production.

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 for LDK Solar

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