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(Seoul, Korea) June 7, 2005-- LG.Philips LCD (NYSE: LPL, KRX: 034220) one of the world’s leading innovators of thin-film transistor liquid crystal display (TFT-LCD) technology, today announced it has signed an agreement with Hewlett-Packard (HP) to provide notebook PC and monitor LCD panels over the next three years. This large long-term agreement further strengthens LG.Philips LCD’s presence in the notebook PC and monitor LCD market.

Under the agreement, LG.Philips LCD will be the primary supplier of LCDs for notebook PCs and monitors from June 2005 to May 2008. This deal is a substantial increase over the existing HP supply agreement.

LG.Philips LCD has regained its number one position in the large monitor and TV LCD market and now expects to gain momentum in the notebook LCD market through its partnership with HP, a leader in the notebook PC and monitor market. By striking a long term deal with HP, a leading IT company, LG.Philips LCD has secured a stable customer for large quantities of product.

LG.Philips LCD and HP formally announced their supply agreement during a signing ceremony on June 7th at the LG Twin Towers, which was attended by LG.Philips LCD Executive Vice President for Sales, Duke Koo and HP Personal Systems Group Vice President Kirk Moul.


Regarding the long-term deal, HP Vice President Kirk Moul said, “This strategic agreement with LG.Philips LCD is a key to our continuing growth in the notebook and display market by enabling a stable supply of high quality and advanced technology products”

To meet the growing demands of the market and this agreement, LG.Philips LCD will increase production at its sixth generation production lines and ramp-up of its seventh generation production lines.


[About LG.Philips LCD]
LG.Philips LCD (NYSE: LPL, KRX: 034220) is a leading manufacturer and supplier of thin film transistor liquid crystal display (TFT-LCD) panels. The Company manufactures TFT-LCD panels in a wide range of sizes and specifications primarily for use in notebook computers, desktop monitors and televisions. Headquartered in Seoul, South Korea, LG.Philips LCD currently operates six fabrication facilities in Korea and has over 14,000 employees in locations around the world. For more information about the Company, please visit http://www.lgphilips-lcd.com.
LG.Philips LCD makes “Technology you can see!”

[Forward-Looking Statement Disclaimer]
This press release may contain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from our forward-looking statements can be found in our filings with the United States Securities and Exchange Commission.

Contact:
B.S. Lee, Vice President of Public Relations
LG.Philips LCD
Phone: +822-3777-1020
e-mail: bsleeb@lgphilips-lcd.com

Sue Kim, PR Account Director
Edelman (Seoul)
Phone: +822-2022-8239
e-mail: sue.kim@edelman.com