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LDK Solar Prices Initial Public Offering of American Depository Shares

Posted on: Friday, 1 June 2007, 00:00 CDT

XINYU CITY, China and SUNNYVALE, Calif., May 31 /PRNewswire/ -- LDK Solar Co., Ltd., a manufacturer of multicrystalline solar wafers, announced today that its initial public offering of 17,384,000 American Depository Shares ("ADSs") has been priced at US $27.00 per ADS. The ADSs, each representing one ordinary share of the company, will begin trading on June 1, 2007 on the New York Stock Exchange under the symbol "LDK". In addition, LDK Solar has granted the underwriters a 30-day option to purchase up to an additional 2,607,600 ADSs to cover overallotments.

Morgan Stanley & Co. International plc and UBS AG served as joint book-running managers for the offering. Piper Jaffray & Co., CIBC World Markets Corp., and CLSA Limited served as co-managers. JPMorgan Chase Bank, N.A. is the depositary for the ADSs.

A copy of the final prospectus relating to the offering may be obtained from: 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 UBS Investment Bank, Prospectus Department, c/o Clint Lauriston, 299 Park Avenue, New York, NY 10171; telephone number: 212-821-3884, fax number: 212-821-3285, email: clint.lauriston@ubs.com.

A registration statement relating to these securities was filed with and declared effective by the Securities and Exchange Commission. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About LDK Solar

LDK Solar Co., Ltd. is a manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK sells multicrystalline 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's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi province in the People's Republic of China. The company's office in the United States is located in Sunnyvale, California.

Safe Harbor Statement

This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although LDK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risk and uncertainties that could cause actual results to differ materially from those projected.

LDK Solar Co., Ltd.

CONTACT: Jack Lai, Executive VP and CFO of LDK Solar Co., Ltd.,+1-408-931-1688, IR@ldksolar.com; or Lisa Laukkanen of The Blueshirt Group,+1-415-217-4967, lisa@blueshirtgroup.com, for LDK Solar Co., Ltd.

Source: PRNewswire

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