LDK Solar Announces Arbitration Award of $31M

LDK Solar Co., Ltd.

today announced that the International Court of Arbitration stated that the wafer supply contract entered into in October 2008 between LDK Solar and the Italy-based Helios Technology S.p.A is valid and effective throughout its duration and at terms and conditions related to quantities and prices set forth therein. The International Court of Arbitration also stated that by virtue of the arbitration proceedings Helios shall pay to LDK Solar an amount of approximately $31 million. To this amount interest of 8% shall be added from the date of the award until the effective payment as well as costs for the arbitration proceedings and lawyers' fees.