September 12, 2008 03:16 ET

Q-Cells AG signs agreement on silicon processing with LDK and Memorandum of Understanding on additional wafer supplies

BITTERFELD-WOLFEN, GERMANY--(Marketwire - September 12, 2008) -

Bitterfeld-Wolfen, 12 September 2008 - Q-Cells AG (QCE; ISIN DE0005558662) has signed an agreement on the processing of upgraded metallurgical silicon (umg-Si) into solar wafers with LDK Solar. Beginning this year, LDK is due to process approx. 20,000 metric tonnes of upgraded metallurgical silicon into wafers until 2018. Furthermore, Q-Cells gets an option on the processing of additional silicon quantities of approx. 21,000 metric tonnes.

Furthermore, Q-Cells and LDK signed a Memorandum of Understanding on additional supplies of silicon wafers for the period between 2009 and 2018. Under the terms of the MoU, LDK is due to provide Q-Cells with wafers in the amount of up to 5 GWp, additional to the supplies defined in the contract that was signed by the companies in December 2007.

Having hereby secured another long-term feedstock supply Q-Cells confirms its outlook for a production volume of more than 1 GWp in 2009 and more than 2 GWp in 2010 in the core business (ca. 2.5 GWp including thin-film production volume).

Additional Information: ISIN: DE0005558662 Listing: Amtlicher Markt / Prime Standard; Frankfurter Wertpapierbörse (Official Market / Prime Standard; Frankfurt Stock Exchange) Company's seat: Federal Republic of Germany

Q-Cells Aktiengesellschaft Stefan Lissner Head of Investor Relations Guardianstraße 16 OT Thalheim 06766 Bitterfeld-Wolfen Germany Phone: +49 - (0)3494 - 6699 10101

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