LDK Solar Announces Pricing of Follow-on Public Offering of 16.52 Million American Depositary Shares

LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, today priced a follow-on offering of 16,520,000 American depositary shares ("ADSs"), each representing one ordinary shares, at a price to the public of $7.00 per ADS, with an additional 2,478,000 ADSs if the underwriters decide to fully exercise their over-allotment option in connection with the offering. All the net proceeds from this offering will go to the Company.

LDK Solar expects to use approximately $90.0 million of its net proceeds to pay down short-term debt and the remaining proceeds to fund the polysilicon production plant and the expansion of the solar module business, and for general corporate purposes.

Morgan Stanley and Citi are acting as joint bookrunners for the offering. LDK Solar's F-3 registration statement (Registration No. 333-160110) is available and the final prospectus supplement will be available, each from the SEC website at www.sec.gov.

A copy of the final prospectus supplement with the accompanying prospectus relating to the offering may be obtained by contacting: Morgan Stanley & Co. Incorporated, Prospectus Department, 180 Varick Street, New York, NY 10014; Attention: Prospectus Department or by e-mail at prospectus@morganstanley.com or Citi, Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, telephone toll-free at (800) 831-9146. This press release is not an offer to sell or the solicitation of an offer to buy securities. Any offers of the above securities will be made pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission.