XINYU CITY, China and SUNNYVALE, Calif., April 10 /PRNewswire-FirstCall/-- LDK Solar Co., Ltd. (NYSE: LDK), announced today the pricing of$400 million of 4.75% Convertible Senior Notes due 2013 pursuant to Rule 144Aunder the United States Securities Act of 1933, as amended (the 'SecuritiesAct'). The notes will pay cash interest semiannually at a rate of 4.75% perannum and in certain circumstances, will be convertible into LDK Solar'sAmerican depositary shares, cash or a combination of cash and Americandepositary shares. The initial conversion rate, subject to adjustment, is25.4534 LDK Solar American depositary shares per US$1,000 principal amount ofnotes, which is equal to the initial conversion price of approximatelyUS$39.29 per American depositary share, which represents an approximate 25%premium to the closing price of $31.43 on April 9, 2008. The closing of theoffering is expected to occur on April 15, 2008.

LDK Solar expects to use the net proceeds of the offering to enter intoprepaid forward contracts with one or more of the initial purchasers and/ortheir affiliates to repurchase approximately $200 million worth of itsAmerican depositary shares. In addition, LDK Solar expects to useapproximately 75% of the remaining net proceeds to fund the construction of apolysilicon manufacturing plant, approximately 20% of the remaining netproceeds to fund the capacity expansion of its wafer production facilities and5% of the remaining net proceeds to fund other general corporate activities.

This press release does not constitute an offer to sell or thesolicitation of an offer to buy securities. Any offers of the securities willbe made only by means of a private offering memorandum. The sale of the notesand the American depositary shares issuable upon conversion have not beenregistered under the Securities Act or the securities laws of any otherjurisdiction and may not be offered or sold in the United States absentregistration or an applicable exemption from registration requirements.

Safe Harbor Statement

This press release contains forward-looking statements within the meaningof the safe harbor provisions of the Private Securities Litigation Reform Actof 1995. All statements other than statements of historical fact in thisannouncement are forward-looking statements, including but not limited to, LDKSolar's ability to raise additional capital to finance LDK Solar's activities;the effectiveness, profitability, and marketability of its products; thefuture trading of the securities of LDK Solar; the ability of LDK Solar tooperate as a public company; the period of time for which its currentliquidity will enable LDK Solar to fund its operations; LDK Solar's ability toprotect its proprietary information; general economic and business conditions;the volatility of LDK Solar's operating results and financial condition; LDKSolar's ability to attract or retain qualified senior management personnel andresearch and development staff; and other risks detailed in LDK Solar'sfilings with the Securities and Exchange Commission. These forward-lookingstatements involve known and unknown risks and uncertainties and are based oncurrent expectations, assumptions, estimates and projections about LDK Solarand the industry. These statements are based upon information available to LDKSolar's management as of the date hereof. Actual results may differ materiallyfrom the anticipated results because of certain risks and uncertainties.

LDK Solar undertakes no obligation to update forward-looking statements toreflect subsequent occurring events or circumstances, or changes in itsexpectations, except as may be required by law. Although LDK Solar believesthat the expectations expressed in these forward-looking statements arereasonable, they cannot assure you that their expectations will turn out to becorrect, and investors are cautioned that actual results may differ materiallyfrom the anticipated results.

SOURCE LDK Solar Co., Ltd.