During the fourth quarter of 2008, LDK Solar experienced lower demand ascustomers requested to delay shipments until 2009 in light of the currentglobal economic crisis and tight credit markets. The decrease in overall wafershipments during the quarter was partially offset by much higher than expectedOEM wafer shipments. The company also announced that it experienced a delay inramping production at its 1,000 MT polysilicon plant due to issues in thefinal stages of plant commissioning. While the optimization process has takenlonger than expected, the plant is currently in production, and is expected toramp up to its designed full capacity in mid 2009. Construction of the 15,000MT polysilicon plant remains on schedule and the Company expects to commencesilicon production in this facility during the second quarter of 2009.

As a result of these dynamics affecting the global business environment,LDK Solar expects 2009 fiscal year results to be impacted by lower ASPs andlower wafer shipment volumes than previously anticipated. The company'supdated outlook for the full year of fiscal 2009 is as follows:

-- Revenue to be in the range of $2.3 billion to $2.5 billion; -- Wafer shipments in the range of 1.57 GW to 1.67 GW; -- Annualized wafer production capacity to be 2.3 GW by the end of 2009; -- Gross margin between 22% and 27%; and -- Production of between 3,000 and 5,000 MT of polysilicon in 2009. "Late in the fourth quarter, we experienced a slowdown in our businessrelated to the current global financial crisis," stated Xiaofeng Peng,Chairman and CEO of LDK Solar. "Despite a difficult operating environment, weremain focused on executing our growth strategy and believe that ourcompetitive positioning as the largest and lowest-cost wafer producers in thesolar industry will provide us with a competitive edge for navigating throughthese challenging times. We continue to have a solid cash position, with morethan $380 million, in addition to unused credit facilities totaling in excessof $850 million and will continue to conservatively manage our resources. Ouroperations remain at full capacity, with contract backlog remaining strong for2009."

The business outlook for the three months ended December 31, 2008 and forthe full year ending December 31, 2009 is an estimate. Results are subject tochange based on further review by the management. LDK Solar plans to reportfull fourth quarter and fiscal year 2008 results in late February or earlyMarch 2009. Once the reporting date is finalized, LDK Solar will issue a pressrelease announcing the date and details of its fourth quarter and fiscal year2008 conference call.

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 Solarsells multicrystalline wafers globally to manufacturers of photovoltaicproducts, including solar cells and solar modules. In addition, LDK Solarprovides wafer processing services to monocrystalline and multicrystallinesolar cell and module manufacturers. LDK Solar's headquarters andmanufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City,Jiangxi Province in the People's Republic of China. LDK Solar's office in theUnited States is located in Sunnyvale, California.

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 this pressrelease are forward-looking statements, including but not limited to, LDKSolar's ability to raise additional capital to finance its operatingactivities, the effectiveness, profitability and marketability of itsproducts, the future trading of its securities, the ability of LDK Solar tooperate as a public company, the period of time during which its currentliquidity will enable LDK Solar to fund its operations, its ability to protectits proprietary information, the general economic and business environment andconditions, the volatility of LDK Solar's operating results and financialcondition, its ability to attract and retain qualified senior managementpersonnel and research and development staff, its ability to timely andefficiently complete its ongoing construction projects, including itspolysilicon plants, and other risks and uncertainties disclosed in LDK Solar'sfilings with the Securities and Exchange Commission. These forward-lookingstatements involve known and unknown risks and uncertainties and are based oninformation available to LDK Solar's management as of the date hereof and onits current expectations, assumptions, estimates and projections about LDKSolar and the solar industry. Actual results may differ materially from theanticipated results because of such and other risks and uncertainties. LDKSolar undertakes no obligation to update forward-looking statements to reflectsubsequent events or circumstances, or changes in its expectations,assumptions, estimates and projections except as may be required by law.

SOURCE LDK Solar Co., Ltd.