Agenda

-   Financial Statements of FY 2006

-   Convening of Annual General Meeting

-   Guarantee for LPLWR’s Long-term Debt

For

For

For

For

For

For

For

For

For

For

-   Appointment of New JRD / CEO

-   Appointment of Members of the Audit Committee

For

For

For

For

For

Apr. 6, 2007

-   CB Offering

-   Increase of Outside Directors’ Remuneration

Against

Against

Against

Against

Against

-   Closing of LPL Hong Kong /Establishment of LPL Shenzhen

-   Cancellation of Generation 5.5 Investment (Report)

-   Compliance Program / Appointment of Compliance Office

-   Q2 Financial Results and ‘07 Forecast (Report)

-   BOD Self-Assessment Results (Report)

—  

—  

—  

—  

—  

-   Generation 8 Investment (P8) in Paju

-   Q3 Financial Results and Q4 Outlook (Report)

—  

—  

—  

—  

—  

-   ‘07 Estimated Results and ‘08 Business Plan (Report)

-   Establishment of an AMOLED Plant

-   2008 Remuneration Limit for Directors & Executive Officers

Committee

Member

Activities

Date

Agenda

Remarks

Audit Committee

Mr. Bongsung Oum,

Mr. Bart van Halder,

Mr. Ingoo Han

Jan. 15, 2007~

Jan. 16, 2007

-   Approval of Q4 ‘06 Financial Statements

-   Progress of External Audit and Review of Sarbanes-Oxley Act 404 Readiness

-   Internal Controller’s Semi-annual Report

-   Approval of Audit and Non-audit services by External Auditor

-   Agenda for report and approval at AGM

-   Internal Audit Report

-   ‘07 Annual Internal Audit Plan

-   Approval of Replacement of a Head of Internal Audit Team

-   Status of Patent Litigation

For

Report

Report

For

For

Report

For

For

Report

Apr. 5, 2007

-   Approval of Q1 ‘07 Financial Statements

-   Annual Audit Plan of External Auditor and Sarbanes-Oxley Act 404 Audit Result

-   Internal Controller’s Report

-   Approval of Audit and Non-audit services by External Auditor

-   Internal Audit Report

-   Review of MD&A in Form 20-F

For

Report

Report

For

Report

Report

Jul. 4, 2007~

Jul. 5, 2007

-   Approval of Q2 ‘07 Financial Statements

-   Annual Audit Plan of External Auditor and Sarbanes-Oxley Act 404 Readiness

-   Internal Controller’s Report, Progress and Evaluation Results

-   Approval of Audit and Non-audit services by External Auditor

-   Internal Audit Report

-   Appointment of Head of Auditing & Management Consulting Department

For

Report

Report

For

Report

For

Oct. 8, 2007~

Oct. 9, 2007

-   Approval of Q3 ‘07 Financial Statements

-   Annual Audit Plan of External Auditor and Results

-   Internal Controller’s Report, Progress and Evaluation Results

-   Approval of Audit and Non-audit services by External Auditor

-   Internal Audit Report

For

Report

Report

For

Report

Remuneration

Committee

Mr. Rudy Provoost,

Mr. Hee Gook Lee,

Mr. Doug J. Dunn,

Mr. Dongwoo Chun

-   Increase of Outside Directors’ Remuneration

-   Stock Option Cancellation

-   EOIP (Executive Officer Incentive Plan)

Against

For

Report

Nov. 27, 2007

-   Remuneration Limit for Directors & Executive Officers

-   Increase of Outside Directors’ Remuneration

-   EOIP (Executive Officer Incentive Plan)

For

For

For

Outside Director

Nomination and

Corporate

Governance

Committee

Mr. Dongwoo Chun,

Mr. Rudy Provoost,

Mr. Hee Gook Lee,

Mr. Bart Van Halder

-   Succession Plan Review of Board of Directors

-   Committee Charter Review

-   ‘06 Board Self-Assessment Results Review

Report

Report

Report

Remarks

Non-Standing Director

(Non-Outside Director)

Outside Director

Transaction Type

Counterpart (Relationship)

Transaction Period

Sales, etc.

Sales, etc.

Sales, etc.

Sales, etc.

Sales, etc.

Sales, etc.

Sales, etc.

Sales/Purchase

Purchase, etc.

TFT-LCD technology is one of the most widely used technologies in the manufacture of flat panel displays and the demand for flat panel displays is growing. The flat panel display industry is characterized by high entry barriers due to rapidly evolving technology, capital-intensive characteristics, and the significant investments required to achieve economies of scale, among other factors. There is strong competition between a limited number of players within the industry and production capacity in the industry, including ours, is being increased.

The demand for LCD panels for Notebook PCs & Monitors has been closely related to the IT industry cycle. The demand for LCD panels for TVs is growing with the start of HDTV broadcasting and as LCD TV is anticipated to play a key role in the digital display area. We expect competition between TFT-LCD and PDP technologies to intensify in the area of large flat TV products. In addition, LCD panel markets for applications, such as mobile phones, PDAs, medical applications and automobile navigation systems, among others, are growing steadily.

The average selling prices of our display panels have declined in general and are expected to continually decline with time irrespective of industry-wide fluctuations as a result of, among other factors, technology advances and cost reductions.

The TFT-LCD business has high cyclicality as well as being a capital intensive business. In spite of the increase in demand for products, this industry has experienced periodic volatility caused by imbalances between demand and supply due to capacity expansion within the industry.

Intense competition and expectations of demand growth may lead panel manufacturers to invest in manufacturing capacity on similar schedules, resulting in a surge in capacity when production is ramped up at new fabrication facilities.

During such surges in capacity growth, our customers can exert and have exerted strong downward pricing pressure, resulting in sharp declines in average selling prices and significant fluctuations in our gross margins. Conversely, demand surges and fluctuations in the supply chain can lead to price increases.

Our ability to compete successfully also depends on factors both within and outside our control, including product prices, relationship with our customers, timely investment, development of new and premium products through leading technology, our ability to obtain cost competitiveness through innovations in our operations, success of our end-brand customers in marketing their brands and products, component and raw material supply costs, foreign exchange rates and general economic and industry conditions.

Most importantly, cost leadership and stable and long-term relationships with customers are critical to secure profit even in a buyer’s market.

A substantial portion of our sales is attributable to a limited group of end-brand customers and their designated system integrators. The loss of these end-brand customers, as a result of customers entering into strategic supplier arrangements with our competitors or otherwise, would thus result in reduced sales.

Developing new products and technologies that can be differentiated from those of our competitors is critical to the success of our business. We take active measures to protect our intellectual property internationally by obtaining patents and undertaking monitoring activities in our major markets. It is also necessary to recruit and retain the experienced key staffs and highly skilled line operators.

Materials are sourced in-house (color filters) as well as from domestic and overseas vendors. However, the domestic portion has grown due to the active participation of domestic vendors.

The shortage of raw materials may arise temporarily due to the rapid increase in demand for raw materials from capacity expansion in the TFT-LCD industry.

We have purchased, and expect to purchase, a substantial portion of our equipment from a limited number of qualified foreign and local suppliers. From time to time, increased demand for new equipment may cause lead times to extend beyond those normally required by the equipment vendors.

Most TFT-LCD panel makers are located in Asia.

The commercial production of our TFT-LCD business began in September 1995 at P1, which was then the first fabrication facility of LG Electronics. At the end of 1998, LG Electronics and Semicon transferred their respective TFT-LCD related business to LG Soft Co., Ltd (currently LG.Philips LCD Co., Ltd.). LG.Philips LCD became a J/V between LG Electronics and Philips Electronics in September 1999. In July 2004, we completed initial public offering and listed our common stock on the Korea Exchange and our ADSs on the New York Stock Exchange. We currently operate seven fabrication facilities located in Gumi and Paju, Korea and seven module facilities located in Gumi & Paju, Korea, Nanjing & Guangzhou, China and Wroclaw, Poland.

We became the first LCD maker in the world to commence commercial production at a 4th generation fab (P3) in July 2000 and at a 5th generation fab (P4) in March 2002, and we started mass production at our 6th generation fab (P6) in August 2004, which allows us to produce LCD panels for large TVs and monitors. With the commencement of mass production at our 7th generation fab (P7) in January 2006 and our decision to invest in an 8th generation fab (P8), we are expanding our production capacity in line with growing large-sized LCD TV market.

Despite the difficult business environment contributed by factors such as volatile exchange rates, continued high oil prices and the sub-prime mortgage crisis in the U.S., our non-consolidated sales revenue in 2007 increased by 39% year-on-year to KRW 14,163 billion, backed by continued growth of TFT-LCD product demand, especially in the large-sized LCD TV market, and our consistent efforts to expand our sales. We recorded a non-consolidated operating income of KRW 1,491 billion and a non-consolidated net income of KRW 1,344 billion in 2007 from development of cost innovation models, reduction of purchasing unit cost, maximization of equipment effectiveness through Max Capa / Min Loss activities and reduction of overhead cost and other active cost reduction measures as well as increased sales revenue. Our consolidated sales revenue in 2007 increased by 35% year-on-year to KRW 14,352 billion. Our consolidated operating income was KRW 1,504 billion and our consolidated net income was KRW 1,344 billion in 2007.

We developed basic technologies for new businesses, such as flexible displays and OLEDs, and diverse customer oriented technologies.

In sales, we expanded our customer base by strengthening our price management capabilities and active customer satisfaction management, etc.

Korean GAAP Consolidated Financial Statements

(Based on Korean GAAP)

Description

1. Sales

2. Cost of goods sold

3. Gross income

4. SG&A

5. Income from operations

6. Non-operating income

7. Non-operating expenses

8. Income before income tax

9. Income tax expense

10. Net income

Description

1. Current assets

2. Non-current assets

1) Investment assets

2) Tangible assets

3) Intangible assets

4) Other non-current assets

Total Assets

1. Current liabilities

2. Non-current liabilities

Total Liabilities

1. Controlling interest

1) Capital stock

2) Capital surplus

3) Accumulated other comprehensive income

4) Retained earnings

2. Minority interest

Total Shareholders’ Equity

Total Liabilities and Total Shareholders’ Equity

Korean GAAP Non-Consolidated Financial Statements

(Based on Korean GAAP)

Description

1. Sales

2. Cost of goods sold

3. Gross income

4. SG&A

5. Income from operations

6. Non-operating income

7. Non-operating expenses

8. Income before income tax

9. Income tax expense

10. Net income

(Based on Korean GAAP)

Description

1. Current assets

2. Non-current assets

1) Investments

2) Tangible assets

3) Intangible assets

4) Other non-current assets

Total Assets

1. Current liabilities

2. Non-current liabilities

Total Liabilities

1. Capital stock

2. Capital surplus

3. Accumulated other comprehensive income

4. Retained earnings

Total Shareholders’ Equity

Total Liabilities and Total Shareholders’ Equity

World wide market share of large-size TFT-LCD panels (³10”) based on revenue

Panels for Notebook PC

Panels for Monitor

Panels for TV

Total

LCD is a key product for the display industry and the demands for LCD have been steadily rising.

Due to the recent high growth in the display appliance market for the flat display format, the scale of the LCD market is growing at a rapid rate, resulting in expansion of the market centered mainly in America, Japan, Europe and China.

The LCD market has experienced a high rate of growth based on IT related products. With expansion of the market for LCD televisions, we expect that the LCD market will continuously grow.

P7 in our Paju Display Cluster reached an expanded production capacity of over 136 thousand sheets of glass substrates per month in the fourth quarter of 2007 and we have commenced the construction of P8 (8th generation fab) in anticipation of a growth in the 50-inch and larger TFT-LCD market.

In September 2005, we entered into an agreement to build a “back-end” module production plant in Wroclaw, Poland, becoming the first in the global LCD industry to establish such a production facility in Europe. We broke ground on the plant in June 2006 and commenced mass production in March 2007.

In May 2006, we entered into an investment agreement with the Guangzhou Development District Administrative Committee to construct a module production plant in Guangzhou, China. By establishing LG.Philips LCD Guangzhou Co. Ltd. in August 2006 and starting mass production at the new module production plant in December 2007, we have established optimal global production base.

We also plan to strengthen the foundation for future growth by leading the market in the future display technologies which include preparing for the start of the AMOLED business, accelerating the development of flexible display technologies and leading the LED back-light LCD market.

(1) For reporting:

(2) For approval:

Despite the difficult business environment contributed by factors such as volatile exchange rates, continued high oil prices and the sub-prime mortgage crisis in the U.S., our non-consolidated sales revenue in 2007 increased by 39% year-on-year to KRW 14,163 billion, backed by continued growth of TFT-LCD product demand, especially in the large-sized LCD TV market, and our consistent efforts to expand our sales. We recorded

operating income of KRW 1,491 billion and net income of KRW 1,344 billion in 2007 from development of cost innovation models, reduction of purchasing unit cost, maximization of equipment effectiveness through Max Capa / Min Loss activities and reduction of overhead cost and other active cost reduction measures as well as increased sales revenue.

(Based on Korean GAAP)

Description

1.Current assets

2.Non-current assets

1) Investments

2) Tangible assets

3) Intangible assets

4) Othernon-current assets

Total Assets

1.Current liabilities

2.Non-current liabilities

Total Liabilities

1.Capital stock

2.Capital surplus

3.Accumulated other comprehensive income

4.Retained earnings

Total Shareholders’ Equity

Total Liabilities and Total Shareholders’ Equity

(Based on Korean GAAP)

Description

1. Sales

2. Cost of goods sold

3. Gross income

4. SG&A

5. Income from operations

6. Non-operating income

7. Non-operating expenses

8. Income before income tax

9. Income tax expense

10. Net income

(Based on Korean GAAP)

Description

1. Retained earnings before appropriations

a. Unappropriated retained earnings carried over from prior years

b. Net income (Net loss)

2. Appropriations of retained earnings

—Legal reserve

—Dividend^*

3. Unappropriated retained earnings to be carried forward to subsequent year

Article

Current Provision

Proposed Provision

Purpose of Amendment

of the Articles

of Incorporation

(Trade Name)

The name of the company shall be “EL-GI.PHILIPS EL-SI-DI CHUSIK HOESA” (hereinafter referred to as the “Company”), which shall be written in English as “LG.Philips LCD Co., Ltd.”.

(Trade Name)

The name of the company shall be “EL-GI DISPLAY CHUSIK HOESA” (hereinafter referred to as the “Company”), which shall be written in English as “LG Display Co., Ltd.”.

ADDENDA (as of February 29, 2008)

These Articles of Incorporation shall be effective from March 3, 2008.

Date of Birth : November 2, 1961

Candidate for Outside Director : None

Nominator : Board of Directors

Current Job : Director of LG Electronics Inc.

Major Career : – B.A., Business Administration, Yonsei University

Business Transaction with LPL during the last 2 years : None

Date of Birth : May 10, 1954

Candidate for Outside Director : None

Nominator : Board of Directors

Current Job : President of Digital Display Product Business Division, LG Electronics Inc.

Major Career : – B.A., Business Administration, Yonsei University

Business Transaction with LPL during the last 2 years : None

Date of Birth : February 2, 1962

Candidate for Outside Director: None

Nominator : Board of Directors

Current Job : CFO of Philips Consumer Lifestyle

Major Career : – M.S., Business Economics, Catholic University of Brabant

Business Transaction with LPL during the last 2 years : None

Date of Birth : January 15, 1945

Candidate for Outside Director : Yes

Nominator : Board of Directors

Current Job : Outside Director of LG.Philips LCD Co., Ltd. and Pixelplus

Major Career : – Ph.D., Electronic Engineering, University of Texas

Business Transaction with LPL during the last 2 years : None

Date of Birth : August 13, 1960

Candidate for Outside Director : Yes

Nominator : Board of Directors

Current Job : Chairman of LCD TV Association

Major Career : – M.S., Biophysics, U.C. Berkeley

Business Transaction with LPL during the last 2 years : None

Date of Birth : October 22, 1942

Candidate for Outside Director : Yes

Nominator : Board of Directors

Current Job : CEO of ULDAGE

Major Career : – B.A., Law, Chuo University

Business Transaction with LPL during the last 2 years : None

Date of Birth : June 6, 1956

Candidate for Outside Director : Yes

Nominator : Board of Directors

Current Job : Partner, Ropes & Gray LLP (NY)

Major Career : – J.D. , Georgetown University

Business Transaction with LPL during the last 2 years : None

Date of Birth : October 22, 1942

Candidate for Outside Director : Yes

Nominator : Board of Directors

Current Job : CEO of ULDAGE

Major Career : – B.A., Law, Chuo University

Business Transaction with LPL during the last 2 years : None

Date of Birth : June 6, 1956

Candidate for Outside Director : Yes

Nominator : Board of Directors

Current Job : Partner, Ropes & Gray LLP (NY)

Major Career : – J.D. , Georgetown University

Business Transaction with LPL during the last 2 years : None

Category

Number of Directors (Number of Outside Directors)

Total Amount of Remuneration Limit

Name of principal shareholder

Relationship with LPL

Number of shares held

LG Electronics Inc.

Philips Electronics

Company acting in concert with

the largest shareholder

Total

Name of Agents for the Proxy

Number of Shares Held by Agents

Relationship with LPL

No

Shareholders

Shareholders

BATTERYMARCH GLOBAL EMERGING

MARKETS FU

KOOKMIN BANK (PCA INVESTMENT

TRUST MANAGEMENT)

KOOKMIN BANK

(MIRAE ASSET INVESTMENTS)

KOREA SECURITIES FINANCE

CORPORATION (KTB ASSET MANAGEMENT)

HSBC (PCA INVESTMENT TRUST

MANAGEMENT)

KOREA EXCHANGE BANK

(MIRAE ASSET INVESTMENTS)

SHINHAN BANK

(MIRAE ASSET INVESTMENTS)

INDUSTRIAL BANK OF KOREA

(HANA UBS ASSET MANAGEMENT)

SC FIRST BANK

(MIRAE ASSET INVESTMENTS)

LEHMAN BROTHERS COMMERCIAL

CORPORATION AS

HANA BANK (SAMSUNG INVESTMENT

TRUST MANAGEMENT)

HANA BANK (KYOBO INVESTMENT TRUST

MANAGEMENT)

KOOKMIN BANK (FRANKLIN TEMPLETON

INVESTMENTS)

HANA BANK (KTB ASSET MANAGEMENT-

KYOBO LIFE)

HSBC ( FIDELITY INVESTMENTS

ASSET MANAGEMENT)

WOORI BANK (DAEHAN INVESTMENT

TRUST MANAGEMENT)

HANA BANK (CONSUS

ASSET MANAGEMENT)

MIRAEASSET INDEPENDENCE SOTCK

INVESTMENT

KOOKMIN BANK (LANDMARK INVESTMENT

TRUST MANAGEMENT)

SHINHAN BANK (WOORI ASSET

MANAGEMENT)

SHINHAN BANK (SAMSUNG INVESTMENT

TRUST MANAGEMENT)

NATIONAL AGRICULTURAL COOPERATIVE

FEDERATION (KB ASSET MANAGEMENT-ING LIFE)

HANA BANK (KOREA INVESTMENT TRUST

MANAGEMENT)

HANA BANK (PRUDENTIAL

ASSET MANAGEMENT)

KOREA EXCHANGE BANK (HANHWA

INVESTMENT TRUST MANAGEMENT)

KOOKMIN BANK (KOREA INVESTMENT

TRUST MANAGEMENT)

NATIONAL AGRICULTURAL COOPERATIVE

FEDERATION (SHINHAN BNP INVESTMENT

TRUST MANAGEMENT)

KOOKMIN BANK (SH ASSET

MANAGEMENT)

PRUDENTIAL INDEX STOCK

INVESTMENT No.1

KOOKMIN BANK (ALLIANZ INVESTMENT

TRUST MANAGEMENT-ALLIANZ LIFE)

INDUSTRIAL BANK OF KOREA

(MIRAE ASSET INVESTMENTS)

CREDIT SUISSE SECUTITIES

(EUROPE) LIMIT

KOOKMIN BANK (MIRAE ASSET-MIRAE

ASSET LIFE)

KOREA EXCHANGE BANK

(KTB ASSET MANAGEMENT)

HANA BANK (HANA UBS ASSET

MANAGEMENT)

MAC INVESTMENT ADVISORY STOCK

INVESTMENT No.1

SHINHAN BANK (HANA UBS ASSET

MANAGEMENT)

/s/ Ron H. Wirahadiraksa

Joint Representative Director/

President & Chief Financial Officer