Suntech Receives Continued Listing Standards Notice from the New York Stock Exchange

Tue Apr 9, 2013 8:00am EDT

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WUXI,  China,  April 9, 2012  /PRNewswire/ -- Suntech Power Holdings Co., Ltd.
(NYSE: STP) ("Suntech" or the "Company"), one of the world's largest producers
of solar panels, today announced that it has been notified by the New York Stock
Exchange (the "NYSE") that the Company did not meet the NYSE's price criteria
for continued listing standard because, as of  April 4, 2013, the average
closing price of the Company's American Depositary Shares, or ADSs, was less
than  $1.00  per ADS over a consecutive 30-trading-day period.

Under NYSE rules, the Company has six months following receipt of the
notification to regain compliance with the minimum share price requirement. The
Company can regain compliance at any time during the six-month cure period if
the Company's ADSs have a closing share price of at least  $1.00  on the last
trading day of any calendar month during the period and also has an average
closing share price of at least  $1.00  over the 30 trading-day period ending on
the last trading day of that month or on the last day of the cure period.

The Company has notified the NYSE of its intention to cure this deficiency
within the prescribed timeframe. The Company's ADSs will continue to be listed
and traded on the NYSE, subject to compliance with other NYSE continued listing
standards and oversight by the NYSE. The NYSE notification does not affect the
Company's business operations or its Securities and Exchange Commission
reporting requirements.

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP) produces industry-leading solar
products for residential, commercial, industrial, and utility applications. With
regional headquarters in  China,  Switzerland, and  the United States, and
gigawatt-scale manufacturing worldwide, Suntech has delivered more than
25,000,000 photovoltaic panels to over a thousand customers in more than 80
countries. Suntech's pioneering R&D creates customer-centric innovations that
are driving solar to grid parity against fossil fuels. Suntech's mission is to
provide everyone with reliable access to nature's cleanest and most abundant
energy source.

For more information about Suntech's people and products visit 
http://www.suntech-power.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements
constitute "forward-looking" statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, and as defined in the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements, and includes
the Company's ability to regain compliance with the minimum share price
requirement. Further information regarding these and other risks is included in
Suntech's filings with the U.S. Securities and Exchange Commission, including
its annual report on Form 20-F. Suntech does not undertake any obligation to
update any forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.

For media inquiries, please contact: 
Shashin Surti
Weber Shandwick for Suntech  
Ph: +86 21 2411 0046  
Email:  Suntech@webershandwick.com

SOURCE  Suntech Power Holdings Co., Ltd.

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