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Sunways AG: Strategic agreement for raw material supply with LDK Solar Co., Ltd. signed

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Contracts
24.09.2007
- 10-year supply contract signed with LDK Solar for a total output of
one Gigawatt; delivery starts in 2008 - Siemens-reactors and 
associated equipment for a polysilicon production plant including 
substantial support services sold to LDK Solar - Reliable and 
economically advantageous raw material procurement secured
Sunways has closed a bilateral agreement with the leading Chinese 
manufacturer of solar silicon wafers, LDK Solar: Sunways sells its 
two Siemens-reactors together with all associated plant equipment to 
LDK Solar. Also part of the contract will be substantial support 
services for the installation and start-up of a silicon productions 
facility, which is to be extended to its full capacity of 1,000 tons 
in the course of 2008. In addition to the reactor agreement, LDK 
Solar will deliver approximately 1,000 Megawatt of multicrystalline 
solar wafers to Sunways over a ten year period starting in 2008. The 
cooperation with LDK, one of the leading global manufacturers of 
silicon wafers, ensures a long-term and economically advantageous raw
material provisioning for Sunways. Sunways was able to close the 
long-term supply agreement at favourable conditions. Down-payments 
have been agreed specifically according to the overall project 
volume. Both parties have agreed not to disclose details on the 
contract terms and conditions.
end of announcement                               euro adhoc 24.09.2007 09:33:48

Further inquiry note:

Astrid Forst
Tel.: +49 (0)7531 99677 480
E-Mail: ir@sunways.de

Branche: Alternative energy
ISIN: DE0007332207
WKN: 733220
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
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