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The bonds are redeemable at maturity at a price of 116.77% of their principal amount, equivalent to a yield to maturity of 3.125% per annum. The bonds are convertible into the common shares of LG.Philips LCD Co., Ltd. on or after April 19, 2008 up to and including April 3, 2012 at the option of the bondholders at an initial conversion price of KRW 49,070 per share of common stock, subject to adjustment in certain circumstances. The initial conversion price is equivalent to a premium of 40% over the reported closing price per share of the common stock of LG.Philips LCD Co., Ltd. on the Korea Exchange on April 11, 2007. Approval in-principle has been obtained to list the bonds on the Singapore Exchange Securities Trading Limited.

LG.Philips LCD intends to use the net proceeds from this offering for general corporate purposes, including capital expenditures.

This press release is not an offer of zero coupon convertible bonds due 2012 of LG.Philips LCD Co., Ltd. (the “Bonds”) for sale in the United States. The Bonds and the common shares of LG.Philips LCD Co., Ltd. issuable upon conversion of the Bonds (collectively, the “Securities”) may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. LG.Philips LCD Co., Ltd. does not intend to register any portion of the offering in the United States or to conduct a public offering of the Securities in the United States.

The Bonds may not be offered, sold or delivered in Korea or to any Korean resident, as defined in the Foreign Exchange Transaction Law of Korea, or to any other person for offer, resale or redelivery directly or indirectly in Korea or to any Korean resident, on or prior to April 18, 2008, the first anniversary of the date of issuance of the Bonds.


Not for distribution in the United States.


About LG.Philips LCD
LG.Philips LCD Co., Ltd [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 TVs, monitors, notebook PCs, and various applications. LG.Philips LCD currently operates seven fabrication facilities and four back-end assembly facilities in Korea, China and Poland. In addition, LG.Philips LCD has sales and representative offices in ten countries and has approximately 23,000 employees globally. Please visit http://www.lgphilips-lcd.com for more information.


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:
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.com <B