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SEOUL, Korea (July 21, 2005) , LG.Philips LCD Co., Ltd. (NYSE: LPL, KRX: 034220) (the Company), one of the world's leading TFT-LCD manufacturers, announced today the pricing of its follow-on primary offering of American Depositary Shares, successfully raising US$1.2 billion. Shareholder Koninklijke Philips Electronics N.V. (Philips) also sold US$0.3 billion of American Depository Shares in the combined primary and secondary offering which totaled US$1.5 billion. In addition, Philips and LG Electronics sold US$0.1 billion and US$0.4 billion, respectively, of existing common shares in a domestic transaction in Korea. Each ADS represents one-half of one share of common stock. These offerings were priced at US$21.32 per ADS and KRW44,500 per common share.

As a result of these offerings, the interests of LG Electronics and Philips in the Company will be reduced from 89% to 77%. Both LG Electronics and Philips will continue to retain equal stakeholdings in the Company.

The Company plans to use the net proceeds from this offering to fund its capital expenditures in Korea.

The Company has granted the underwriters an option to purchase up to 4.6 million in additional new shares of common stock in the form of ADSs to cover over-allotments, if any.

Morgan Stanley & Co. International Limited and UBS Investment Bank are acting as joint global coordinators and joint bookrunners, and ABN AMRO Rothschild and Citigroup Global Markets Limited are acting as joint bookrunners.

A copy of the prospectus relating to the offering of ADSs may be obtained from Morgan Stanley at 30/F, Three Exchange Square,Central, Hong Kong, from UBS Investment Bank at 299 Park Avenue, New York, NY 10171, from ABN AMRO Inc., Park Avenue Plaza, 55 East 52nd Street, 6th Floor, New York, NY 10055 or Citigroup Global Markets Limited at Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220.


This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of such state.

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 approximately 15,000 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!"

Investor Relations Contacts:
Jay Hong (Korea)
LG.Philips LCD
Tel: +822-3777-1010
Email: jay.hong@lgphilips-lcd.com

Monica Huang (USA)
Sloane & Company
Tel: +1-212-446-1874
Email: mhuang@sloanepr.com

Media Contacts:
Elliot Sloane (USA)
Sloane & Company
Tel: +1-212-446-1860
Email: esloane@sloanepr.com

Sue Kim (Korea)
LG.Philips LCD
Tel: +822-3777-0970
Email: sue.kim@lgphilips-lcd.com<BR /