LG.Philips LCD Announces Pricing of US$ 500 Million Zero Coupon Convertible Bonds Offering

The sale of the bonds to the initial purchaser is expected to close on April 18, 2007, subject to customary closing conditions. LG.Philips LCD also granted the initial purchaser of the bonds a 30-day option to purchase up to an additional US$50 million aggregate principal amount of the bonds.

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 - LG.Philips LCD.