Xinyu City, China and Sunnyvale, California, May 10, 2010 – LDK Solar Co., Ltd. (“LDK Solar”; NYSE: LDK), a leading manufacturer of multicrystalline solar wafers and PV products, today reported its unaudited financial results for the first quarter ended March 31, 2010.

All financial results are reported in U.S. dollars on a U.S. GAAP basis.

Recent Highlights:

• First quarter 2010 revenue was $347.6 million;
• Shipped 426.7 MW of wafers and 31.3 MW of modules in the first quarter;
• Gross margin for the first quarter of fiscal 2010 was 15.7%;
• Net income was $7.2 million, or $0.06 per diluted ADS for the first quarter;
• Increased wafer capacity to 2.0 GW in April 2010; and
• Acquired Best Solar’s crystalline module manufacturing plant.

Net sales for the first quarter of fiscal 2010 were $347.6 million, compared to $304.6 million for the fourth quarter of fiscal 2009, and $283.3 million for the first quarter of fiscal 2009.

For the first quarter of fiscal 2010, gross profit was $54.5 million, compared to $30.2 million in the fourth quarter of fiscal 2009, and a gross profit of $4.9 million for the first quarter of fiscal 2009.

Gross margin for the first quarter of fiscal 2010 was 15.7%, compared to 9.9% in the fourth quarter of fiscal 2009 and 1.7% in the first quarter of fiscal 2009.

Income from operations for the first quarter of fiscal 2010 was $33.0 million, compared to loss from operations of $3.5 million for the fourth quarter of fiscal 2009, and compared to loss from operations of $16.1 million for the first quarter of fiscal 2009. Loss from operations for the fourth quarter of fiscal 2009 included a non-recurring charge of $10.0 million for the settlement of a class action lawsuit.

Operating margin for the first quarter of fiscal 2010 was 9.5% compared to negative 1.1% in the fourth quarter of fiscal 2009 and negative 5.7% in the first quarter of fiscal 2009.

Income tax expense for the first quarter of fiscal 2010 was $3.2 million, compared to income tax expense of $5.3 million in the fourth quarter of fiscal 2009 and an income tax benefit of $1.6 million in the first quarter of fiscal 2009.

Net income for the first quarter of fiscal 2010 was $7.2 million, or $0.06 per diluted ADS, compared to a net loss of $13.2 million, or $0.12 per diluted ADS for the fourth quarter of fiscal 2009. The number of shares for calculating diluted ADS was approximately 125.8 million and 109.6 million for the first quarter of fiscal 2010 and the fourth quarter of fiscal 2009, respectively.

LDK Solar ended the first quarter of fiscal 2010 with $347.4 million in cash and cash equivalents and $96.3 million in short-term pledged bank deposits.

“Continued momentum in the solar industry drove results for the first quarter,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “Our efforts to diversify our business within the module market tracked well in the quarter. We brought crystalline module manufacturing in house and signed several module supply contracts during the first quarter. In our wafer business, we continue to closely monitor demand levels to meet our customers’ needs. In April we achieved annualized wafer capacity of 2.0 GW, maintaining our industry leadership as we continue to represent a significant share of global wafer capacity.

“We were particularly pleased with our progress in improving our operating efficiencies during the first quarter. Profitability improved sequentially, in part due to our ongoing efforts to manage capital expenditures and closely control expenses. We look forward to the increased benefit associated with the ramping up of our polysilicon production. We produced nearly 700 MT polysilicon in total between our 1,000 MT plant and the first 5,000 MT train of our 15,000 MT plant during the quarter and continue to ramp our output monthly. We remain encouraged by the improving industry dynamics,” concluded Mr. Peng.

Business Outlook

The following statements are based upon management’s current expectations. These statements are forward-looking in nature, and the actual results may differ materially. You should read the “Safe Harbor Statement” below with respect to the risks and uncertainties relating to these forward-looking statements.

For the second quarter of fiscal 2010, LDK Solar estimates its revenue to be in the range of $460 million and $490 million with wafer shipments between 460 MW and 480 MW, and module shipments between 60 MW and 70 MW. For fiscal 2010, we expect our revenue to be in the range of $1.6 to $1.7 billion with wafer shipments between 1.7 GW and 1.8 GW and module shipment between 200 MW and 300 MW.

Conference Call Details

The LDK Solar First Quarter 2010 teleconference and webcast is scheduled to begin at 5:00 p.m. Eastern Time (ET), on May 10, 2010. To listen to the live conference call, please dial 877-941-8602 (within U.S.) or 480-629-9811 (outside U.S.) at 4:50 p.m. ET on May 10, 2010. An audio replay of the call will be available through May 12, 2010, by dialing 800-406-7325 (within U.S.) or 303-590-3030 (outside U.S.) and entering the pass code 4294955#.

LDK Solar Co., Ltd.
Unaudited Condensed Consolidated Balance Information
(In US$’000, except share and per share data)

	3/31/2010		12/31/2009
Assets
Current assets
Cash and cash equivalents	347,355		384,761
Pledged bank deposits	96,272		68,913
Trade accounts receivable	206,563		214,157
Bills receivable	2,492		8,270
Inventories	493,068		432,193
Insurance recoveries receivable	-		6,000
Prepayments to suppliers,net	43,087		48,874
Due from related parties	64,870		37,615
Other current assets	152,484		150,697
Deferred income tax assets,net	44,023		46,012
Total current assets	1,450,214		1,397,492
Property, plant and equipment, net	2,677,888		2,608,725
Deposits for purchases of property, plant and
equipment	35,913		32,529
Intangible asset, net	998		1,018
Land use rights	174,691		175,533
Inventories to be processed beyond one year	5,595		10,947
Prepayments to suppliers expected to be utilized
beyond one year,net	15,660		26,482
Pledged bank deposits-non-current	50,577		50,797
Debt issuance costs, net	3,999		4,909
Investment in an associate and a joint venture	48,991		51,884
Deposits relating to sales and leaseback transactions	13,917		13,921
Deferred income tax assets	18,433		16,913
Other non-current assets	1,528		4,106
Total assets	4,498,404		4,395,256
Liabilities and equity
Current liabilities
Short-term bank borrowings and current installments of long-term bank borrowings	1,059,047		980,359
Bills payable	136,581		97,872
Trade accounts payable	202,802		191,240
Advance payments from customers, current
portion	183,087		199,075
Accrued expenses and other payables	531,559		656,697
Due to a related parties	115,184		38,782
Income tax payable	11,383		14,741
Obligations under capital leases - current portion	33,844		33,380
Other financial liabilities	8,788		7,880
Total current liabilities	2,282,275		2,220,026
Convertible senior notes	400,000		400,000
Debt discount	(6,808)		(8,358)
Long-term bank borrowings, excluding current
installments	460,020		408,062
Obligations under capital leases, excluding current
installments	42,045		50,664
Advance payments from customers – non-current	166,168		177,773
Other liabilities	239,298		250,561
Deferred income tax liability	9,028		8,545
Total liabilities	3,592,026		3,507,273
Equity
LDK Solar Co., Ltd. shareholders’ equity
Ordinary shares: US$0.10 par value;
499,580,000 shares authorized; 130,021,049
and 131,666,949 shares issued as of December
31, 2009 and March 31, 2010, respectively; and
129,771,643 and 131,421,700 shares outstanding
as of December 31, 2009 and March 31, 2010
respectively	13,142		12,977
Additional paid-in capital	757,782		744,988
Statutory reserve	29,676		29,676
Accumulated other comprehensive income	83,499		84,544
Accumulated deficit	(14,529)		(21,713)
Total LDK Solar Co., Ltd. shareholders’ equity	869,570		850,472
Non-controlling interests	36,808		37,511
Total equity	906,378		887,983
Total liabilities and shareholders’ equity	4,498,404		4,395,256

LDK Solar Co., Ltd.
Unaudited Condensed Consolidated Statements of Operations Information
(In US$’000, except per ADS data)

About LDK Solar (NYSE: LDK)

LDK Solar Co., Ltd. (NYSE: LDK) is a leading vertically integrated manufacturer of photovoltaic (PV) products and the world's largest producer of multicrystalline wafers. LDK Solar manufactures polysilicon, mono and multi crystalline ingots, wafers, modules, and engages in project development activities in selected segments of the PV market. Through its broad product offering of mono and multi crystalline solar wafers and modules, LDK Solar provides its customers with a full spectrum of solutions. 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. LDK Solar's office in the United States is located in Sunnyvale, California. For more information about our company and products, please visit www.ldksolar.com

Safe Harbor Statement

This press release 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 press release are forward-looking statements, including but not limited to, LDK Solar's ability to raise additional capital to finance its operating activities, the effectiveness, profitability and marketability of its products, the future trading of its securities, the ability of LDK Solar to operate as a public company, the period of time during which its current liquidity will enable LDK Solar to fund its operations, its ability to protect its proprietary information, the general economic and business environment and conditions, the volatility of LDK Solar's operating results and financial condition, its ability to attract and retain qualified senior management personnel and research and development staff, its ability to timely and efficiently complete its ongoing construction projects, including its polysilicon plants, and other risks and uncertainties disclosed 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 information available to LDK Solar's management as of the date hereof and on its current expectations, assumptions, estimates and projections about LDK Solar and the solar industry. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.

For more information contact:
Lisa Laukkanen
The Blueshirt Group for LDK Solar
lisa@blueshirtgroup.com
+1-415-217-4967

Jack Lai
Executive VP and CFO
LDK Solar Co., Ltd.
IR@ldksolar.com
+1- 408-245-8801