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Suntech to Contest Chapter 7 Filing



                     Suntech to Contest Chapter 7 Filing

PR Newswire

WUXI, China, Oct. 31, 2013

WUXI, China, Oct. 31, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd.
(NYSE: STP) ("Suntech" or the "Company"), one of the world's largest solar
companies, today announced it intends to challenge the petition for
involuntary bankruptcy filed against it under Chapter 7 of the U.S. Bankruptcy
Code in the U.S. Bankruptcy Court in the Southern District of New York. The
Company has until November 6, 2013 to respond.

The petition was brought by a group of four asserted bondholders holding in
aggregate approximately $1.6 million of the Company's 3% Convertible Senior
Notes Due 2013, representing less than 0.3% of the total aggregate principal
amount of approximately $541 million of Notes outstanding. On September 20,
2013, a judgment had been entered in favor of certain of such petitioning
bondholders with respect to repayment of their Notes. Suntech is currently
appealing such judgment.

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP) produces solar products for
residential, commercial, industrial, and utility applications. With regional
operations in China, Switzerland, and the United States, and gigawatt-scale
manufacturing worldwide, Suntech has delivered more than 25,000,000
photovoltaic panels to over a thousand customers in more than 80 countries.
Suntech's pioneering R&D creates customer-centric innovations that are
designed to drive solar to grid parity against fossil fuels. Suntech's mission
is to provide everyone with reliable access to nature's cleanest and most
abundant energy source.

Safe Harbor Statement

This press release contains forward-looking statements. These statements
constitute "forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar statements,
and includes the ability of the Company to contest successfully the petition
for involuntary bankruptcy.

For media enquiries, please contact:

Ryan Scott Ulrich
Public Relations and Investor Relations
Ph: +86 510 8531 8654
Email: ryan.ulrich@suntech-power.com

SOURCE Suntech Power Holdings Co., Ltd.

Website: http://www.suntech-power.com
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