JA Solar: Purchase of Senior Convertible Notes

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JA Solar Holdings Co., one of the world's largest manufacturers of high-performance solar power products, today announced that, during the third quarter of 2012, the Company purchased its 4.5% senior convertible notes ("Senior Notes") with an aggregate face value of US$89.2 million.

The Company's Senior Notes, which were offered in May 2008 with an aggregate principal amount of US$400 million, will mature on May 15, 2013, unless repurchased by the Company or converted in accordance with terms and conditions prior to such date. As of June 30, 2012, the total face value of the Company's Senior Notes was US$219.7 million. As of the date of this release, the Company had successfully reduced the total face value of its outstanding Senior Notes to US$130.5 million.

Dr. Peng Fang, CEO of JA Solar, said, "This repurchase of our Senior Notes demonstrates JA Solar's solid financial position and our ability to meet our financing obligations in the long term. This is also an important part of our efforts to maintain one of the healthiest balance sheets in the industry."

About JA Solar Holdings Co., Ltd.

JA Solar Holdings Co., Ltd. is a leading manufacturer of high-performance solar power products that convert sunlight into electricity for residential, commercial, and utility-scale power generation. The Company is one of the world's largest producers of solar cells. Its standard and high-efficiency product offerings are among the most powerful and cost-effective in the industry. The Company also produces solar modules that it distributes under its own brand and produces on behalf of solar manufacturers globally. The Company shipped 1.69 GW of solar power products in 2011. JA Solar is headquartered in Shanghai, China, and maintains production facilities in Shanghai, as well as Hebei, Jiangsu and Anhui provinces. For more information, please visit www.jasolar.com.

Contact:
In China
Nick Beswick
Brunswick Group
Tel: +86-10-5960-8600
E-mail: jasolar@brunswickgroup.com
In the U.S.
Cindy Zheng
Brunswick Group
Tel: +1-212-333-3810
E-mail: jasolar@brunswickgroup.com
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