LDK Solar Signs a Ten-Year Wafer Supply Agreement With Photovoltech

    XINYU CITY, China and SUNNYVALE, Calif., July 16 /EMWNews-FirstCall/

-- LDK Solar Co., Ltd. (LDK Solar; NYSE: LDK), a leading manufacturer of

multicrystalline solar wafers, today announced that it has signed a

ten-year contract to supply multicrystalline solar wafers to Belgium-based

Photovoltech.



    Under the terms of the agreement, LDK Solar will deliver approximately

400 MW of multicrystalline silicon solar wafers to Photovoltech over a

ten-year period commencing in 2009 through 2018. Photovoltech will make a

down payment representing a portion of the contract value to LDK Solar.



    "We are very pleased to enter into this long-term agreement with

Photovoltech," stated Xiaofeng Peng, Chairman and CEO. "This most recent

supply contract further displays the strong demand for our wafers and also

enables us to continue expanding our presence in Europe."



    "As we work to achieve our capacity expansion and growth goals to meet

the increasing demands of the photovoltaic market in the coming years, we

are very pleased to have LDK Solar as a long-term partner and look forward

to their supply, in order to secure an important part of our wafer needs,"

commented Johan Nijs, General Manager of Photovoltech.

    About LDK Solar (NYSE: LDK)



    LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar

wafers, which are the principal raw material used to produce solar cells.

LDK Solar sells multicrystalline and monocrystalline wafers globally to

manufacturers of photovoltaic products, including solar cells and solar

modules. In addition, the Company provides wafer processing services to

monocrystalline and multicrystalline solar cell and module manufacturers.

LDK Solar's headquarters and manufacturing facilities are located in

Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's

Republic of China. Its office in the United States is located in Sunnyvale,

California.



    About PHOTOVOLTECH



    Set up in December 2001, Photovoltech has the backing of three major

shareholders: Total (47.8%), Suez - Electrabel - Soltech (47.8%) and IMEC

(4.4%). As a spin-off of IMEC, Photovoltech has a variety of innovative

technologies at its disposal. Its production process delivers cells that

combine an outstandingly uniform appearance with high efficiencies (up to

more than 16% on multicrystalline silicon cells). Due to the sustained and

increasing growth of the photovoltaic market and strong demand for its

products, Photovoltech aims to expand its capacity considerably and to

continue to grow in the coming years. For further information on

Photovoltech, see http://www.photovoltech.be



    Safe Harbor/Forward Looking Statements for LDK Solar



    This announcement 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 announcement are forward-looking statements, including but not

limited to, LDK Solar's ability to raise additional capital to finance LDK

Solar's activities; the effectiveness, profitability, and marketability of

its products; the future trading of the securities of LDK Solar; the

ability of LDK Solar to operate as a public company; the period of time for

which its current liquidity will enable LDK Solar to fund its operations;

LDK Solar's ability to protect its proprietary information; general

economic and business conditions; the volatility of LDK Solar's operating

results and financial condition; LDK Solar's ability to attract or retain

qualified senior management personnel and research and development staff;

and other risks detailed 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 current expectations,

assumptions, estimates and projections about LDK Solar and the industry.

These statements are based upon information available to LDK Solar's

management as of the date hereof. Actual results may differ materially from

the anticipated results because of certain risks and uncertainties.



    LDK Solar undertakes no obligation to update forward-looking statements

to reflect subsequent occurring events or circumstances, or changes in its

expectations, except as may be required by law. Although LDK Solar believes

that the expectations expressed in these forward-looking statements are

reasonable, it cannot assure you that its expectations will turn out to be

correct, and investors are cautioned that actual results may differ

materially from the anticipated results.