LG.Philips LCD Announces Exercise of Option to Purchase Additional Con

    Business Editors

    SEOUL, Korea--(BUSINESS WIRE)--April 25, 2005--LG.Philips LCD Co., Ltd. (NYSE:LPL, KRX:034220), today announced that the initial purchasers in its recent offering of US$400 million aggregate principle amount of Convertible Bonds due 2010 outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended, exercised in full their option to purchase an additional US$75 million principal amount of bonds. The bonds will be convertible into the common stock of LG.Philips LCD Co., LTD at an initial conversion price of KRW 58,435 per share. The sale of the additional US$75 million in principal amount of bonds is expected to close on April 28, 2005, subject to certain closing conditions.
    LG.Philips LCD plans to use the net proceeds from the exercise of this option to fund its capital expenditures in Korea.
    This press release is not an offer for sale of the convertible bonds of LG.Philips LCD Co., Ltd. (the "Bonds") in the United States. The Bonds 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 Securities in the United States.
    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 14,000 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!"
    This press release contains various forward-looking statements that are based on management's beliefs, as well as assumptions made by and information currently available to management. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions, including those set forth in our filings with the Securities and Exchange Commission, which are available to investors at our web-site or on line from the Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove erroneous, actual results may vary materially from results that were anticipated or projected. The Company does not intend to update these forward-looking statements before its next required filing with the Securities and Exchange Commission.

--30--JM/ny*

CONTACT: LG.Philips LCD Investor Relations Contacts: Jay Hong (Korea), +822-3777-1010 jay.hong@lgphilips-lcd.com or Media Contacts: Sloane & Company Elliot Sloane (USA), +1-212-446-1860 ESloane@sloanepr.com or Monica Huang (USA), +1-212-446-1874 Mhuang@sloanepr.com or Edelman Sue Kim (Korea), +822-2022-8239 Sue.kim@edelman.com

KEYWORD: SOUTH KOREA INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE SOURCE: LG.Philips LCD

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