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Seoul, Korea and Warsaw, Poland (September 9, 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, announced today that it has signed an Investment Agreement with the governments of Poland and the municipality of Wroclaw to build a module plant in Wroclaw, a city in southern Poland. On September 6, 2005 LG.Philips LCD announced that it plans to construct the “back-end” module production plant in Wroclaw, becoming the first global LCD industry player to commence such production in Europe.
The signing ceremony was held at the official residence of the Prime Minister of Poland located in Warsaw. Vice Chairman & CEO, Bon Joon Koo, and President & CFO, Ron H. Wirahadiraksa, of LG.Philips LCD, and Prime Minister Marek Belka, Minister of Economic Affairs and Labor Jacek Piechota and Wroclaw Mayor Rafal Dutkiewicz of Poland were present.
LG.Philips LCD plans to build a production plant at the site with an annual capacity of 11 million units and will invest a total of EUR 429 million by 2011. The company will break ground for the plant in the first half of 2006 and commence mass production in the first half of 2007 when construction of the first batch of module lines is completed with an annual capacity of 3 million units.
Wroclaw, Poland’s educational and commercial center, is known to have a well established infrastructure, including convenient road networks as well as abundant high quality labor. The Polish government has committed to support this project.
Vice Chairman & CEO, Bon Joon Koo of LG.Philips LCD said, “Our planned production facility in Poland is an important step for LG.Philips LCD, as we establish our manufacturing expertise in the geographic center of Europe. With this first major factory outside of Asia, LG.Philips LCD will better serve the rapidly growing European LCD TV market. As we implement our strategic plan for the future, we are proud to broaden the reach of our industry-leading LCD technology and expand our customer intimacy as we bring our products closer to our customers. We are grateful to the Polish government and the city of Wroclaw for their support and cooperation in this great partnership.”

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!"


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This press release contains 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:
Bruce Berkoff, EVP, Marketing
LG.Philips LCD
Phone: +822-3777-0707 or +1-215-206-6506
E-mail: bruce@lgphilips-lcd.com

Sue Kim, Senior Manager, Corporate PR
LG.Philips LCD
Phone: +822-3777-0970
E-mail: sue.kim@lgphilips-lcd.com

Bang-Soo Lee, VP, Public Affairs & PR
LG.Philips LCD
Tel: +822-3777-1020
E-mail: bsleeb@lgphilips-lcd.com

Elliot Sloane
Sloane & Company
Tel: +1-212-446-1874
E-mail: esloane@sloanepr.com