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The new plant is a result of an investment agreement LG.Philips LCD signed with the Polish government and Wroclaw’s municipal government in September of last year. It is an important part of the company’s strategy of creating a global manufacturing network in which the technology-intensive “front-end” production of TFT-LCD panels takes place in Korea, while “back-end” module production and assembly takes place closer to customers.

LG.Philips LCD is the first global LCD panel maker to establish a production base in Europe. The company plans to increase its already sizable market share in the fast-growing European LCD TV market and better serve customer needs through lower distribution costs, timely supply and swift technical support.

LG.Philips LCD plans to start mass production at the plant in March of 2007 with an initial capacity of 3 million modules per year. The new plant will reach its design capacity of 11 million units per year by 2011.

Vice Chairman and CEO of LG.Philips LCD Bon Joon Koo said “By establishing a new production base in Poland, which has many strategic advantages for us including high quality labor and an excellent climate for investment, we expect to lead the fast-growing European LCD TV market.”

According to DisplaySearch, a leading TFT-LCD industry research firm, Europe has emerged as the world’s largest market for LCD TVs, with a 41% market share in 2005 (based on units), ahead of Japan and North America. DisplaySearch expects the European LCD TV market to record a compound annual growth rate of 29.6% per year from 2005, generating three-fold growth by 2009.

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 for use in televisions, notebook computers, desktop monitors and applications. Headquartered in Seoul, South Korea, LG.Philips LCD currently operates seven fabrication facilities in Korea and has approximately 21,000 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 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:
Bang-Soo Lee, VP, Public Affairs & PR
LG.Philips LCD
Phone: +822-3777-1020
E-mail: bsleeb@lgphilips-lcd.com

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