LDK Solar Announces Enforcement Of Arbitration Award

             LDK Solar Announces Enforcement Of Arbitration Award

PR Newswire

XINYU CITY, China, and SUNNYVALE, Calif., Feb. 5, 2013

XINYU CITY, China, and SUNNYVALE, Calif., Feb. 5, 2013 /PRNewswire/ --LDK
Solar Co., Ltd. ("LDK Solar"; NYSE: LDK), a leading vertically integrated
manufacturer of photovoltaic products, today announced that after a long
dispute with Italy-based Helios Technology S.p.A., the Venice Court of Appeal
declared on January 16, 2013 that, according to the ICC Rules of Arbitration,
the 2010 award in favor of LDK Solar is valid, effective and enforceable in
Italy.

The Venice Court of Appeal upholds that the "take or pay" clause in the wafer
supply contract entered into in October 2008 between LDK Solar and Helios is
valid and effective throughout its duration and at terms and conditions
related to quantities and prices set forth therein. By virtue of the decision
of the Venice Court of Appeal, Helios is required to pay LDK Solar an amount
of approximately $31 million plus interest, costs for the arbitration
proceedings and lawyers' fees. The Venice Court of Appeal issued the
provision after verifying that all the stipulations on the international
arbitration are not contrary to Italian legal order and that there are no
impediments to the acceptance of the conditions required for the effectiveness
of the award itself.

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,
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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