Shareholder Class Action Filed Against LG. Philips LCD Co., Ltd. By The Law Firm Of Schiffrin Barroway Topaz & Kessler, LLP

February 26, 2007

The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP: Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Southern District of New York on behalf of all common stock purchasers of LG. Philips LCD Co., Ltd. (NYSE: LPL - News; "LG. Philips" or the "Company") from July 16, 2004 - December 11, 2006, inclusive (the "Class Period"). If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin Barroway Topaz & Kessler, LLP (Darren J. Check, Esq. or Richard A. Maniskas, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@sbtklaw.com. The Complaint charges LG. Philips and certain of its officers and directors with violations of the Securities Exchange Act of 1934. More specifically, the Complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (1) that the Company was engaging in illegal behavior, namely a conspiracy to fix prices in the LCD TV market; (2) that such illegal behavior was the primary driver of the superior sales margins achieved by LG. Philips in the LCD TV industry; (3) that such illegal behavior had a primary effect on "stabilizing" prices at elevated levels in the LCD market; (4) that as such illegal behavior came to light, the previously elevated prices for LCD TVs would significantly decline, causing the Company to report significantly lower revenue than in previous quarters; and (5) that, as a result of the foregoing, the Company's statements about its financial well-being and business prospects were lacking in any reasonable basis when made. Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin Barroway Topaz & Kessler which prosecutes class actions in both state and federal courts throughout the country. Schiffrin Barroway Topaz & Kessler is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. For more information about Schiffrin Barroway Topaz & Kessler or to sign up to participate in this action online, please visit http://www.sbtklaw.com If you are a member of the class described above, you may, not later than April 9, 2007, move the Court to serve as lead plaintiff of the class, if you so choose. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Schiffrin Barroway Topaz & Kessler or other counsel of your choice, to serve as your counsel in this action. CONTACT: Schiffrin Barroway Topaz & Kessler, LLP Darren J. Check, Esq. Richard A. Maniskas, Esq. 280 King of Prussia Road Radnor, PA 19087 1-888-299-7706 (toll free) or 1-610-667-7706 Or by e-mail at info@sbtklaw.com

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