LG Display (LPL)

Factoring and securitization of accounts receivable

The Company has agreements with Korea Exchange Bank and other several banks for U.S. dollar denominated accounts receivable negotiating facilities of up to an aggregate of USD1,733 million. As of September 30, 2009, accounts and notes receivable amounting to USD185 million ((Won)220,478 million) and JPY1,283 million ((Won)16,923 million) were sold that are current and outstanding.

In October 2006, LG Display America, Inc., LG Display Germany GmbH, LG Display Shanghai Co., Ltd. and others entered into a five-year accounts receivable selling program with Standard Chartered Bank on a revolving basis, of up to USD600 million. The Company joined this program in April 2007. For the nine-month period ended September 30, 2009, no accounts and notes receivable were sold.

The Company has agreement with Shinhan Bank for accounts receivable negotiating facilities of up to an aggregate of (Won)50,000 million. As of September 30, 2009, accounts and notes receivable amounting to (Won)2,971 million were sold that are current and outstanding.

Factoring and securitization of accounts receivable

The Company has agreements with Korea Exchange Bank and other several banks for U.S. dollar denominated accounts receivable negotiating facilities of up to an aggregate of USD1,647 million. As of June 30, 2009, accounts and notes receivable amounting to USD424 million ((Won)544,869 million) and JPY2,017 million ((Won)26,593 million) were sold that are current and outstanding.

In October 2006, LG Display America, Inc., LG Display Germany GmbH, LG Display Shanghai Co., Ltd. and others entered into a five-year accounts receivable selling program with Standard Chartered Bank on a revolving basis, of up to USD600 million. The Company joined this program in April 2007. For the six-month period ended June 30, 2009, no accounts and notes receivable were sold.

The Company has agreement with Shinhan Bank for accounts receivable negotiating facilities of up to an aggregate of (Won)50,000 million. As of June 30, 2009, accounts and notes receivable amounting to (Won)17,751 million were sold that are current and outstanding.

Factoring and securitization of accounts receivable

As of December 31, 2008, the Controlling Company has agreements with Korea Exchange Bank and other several banks for U.S. dollar denominated accounts receivable negotiating facilities of up to an aggregate amount of US$1,616.5 million. As of December 31, 2008, accounts and notes receivable amounting to US$478 million were sold that are current and outstanding, and was recorded as short-term borrowings.

In October 2006, LG Display America, Inc., LG Display Germany GmbH, LG Display Shanghai Co., Ltd. and others entered into a five-year accounts receivable selling program with Standard Chartered Bank, on a revolving basis, of up to US$600 million. The Controlling Company joined this program in April 2007. As of December 31, 2007 and 2008, there was no outstanding balance of securitized accounts receivable held by third party conduits. Loss recognized on the sale of accounts receivable was (Won)2,458 million, (Won)6,053 million and nil in the years ended December 31, 2006, 2007 and 2008.

Factoring and securitization of accounts receivable

The Controlling Company has agreements with Korea Exchange Bank and other several banks for U.S. dollar denominated accounts receivable negotiating facilities of up to an aggregate of USD1,606.5 million. As of March 31, 2009, accounts and notes receivable amounting to USD430 million were sold that are current and outstanding, and were recorded as short-term borrowings.

In October 2006, LG Display America, Inc., LG Display Germany GmbH, LG Display Shanghai Co., Ltd. and others entered into a five-year accounts receivable selling program with Standard Chartered Bank on a revolving basis, of up to USD600 million. The Controlling Company joined this program in April 2007. For the three-month period ended March 31, 2009, no accounts and notes receivable were sold.

Table of Contents

LG DISPLAY CO., LTD. AND SUBSIDIARIES

Notes to Interim Consolidated Financial Statements

March 31, 2009 and 2008

(Unaudited)

Factoring and securitization of accounts receivable

The Company has agreements with Korea Exchange Bank and other several banks for U.S. dollar denominated accounts receivable negotiating facilities of up to an aggregate of USD1,616.5 million. As of December 31, 2008, accounts and notes receivable amounting to USD478 million were sold that are current and outstanding.

In October 2006, LG Display America, Inc., LG Display Germany GmbH and LG Display Shanghai Co., Ltd. entered into a five-year accounts receivable selling program with Standard Chartered Bank on a revolving basis, of up to USD600 million. The Company joined this program in April 2007. For the year ended December 31, 2008, no accounts and notes receivable were sold.

Factoring and securitization of accounts receivable

The Company has agreements with Korea Exchange Bank and other several banks for U.S. dollar denominated accounts receivable negotiating facilities of up to an aggregate of USD1,616.5 million. As of December 31, 2008, accounts and notes receivable amounting to USD478 million were sold that are current and outstanding.

In October 2006, LG Display America, Inc., LG Display Germany GmbH and LG Display Shanghai Co., Ltd. entered into a five-year accounts receivable selling program with Standard Chartered Bank on a revolving basis, of up to USD600 million. The Company joined this program in April 2007. For the year ended December 31, 2008, no accounts and notes receivable were sold.

Factoring and securitization of accounts receivable

As of September 30, 2008, the Company has agreements with Korea Exchange Bank and several other banks for U.S. dollar denominated accounts receivable negotiating facilities with recourse of up to an aggregate of USD1,646.5 million. Certain trade accounts and notes receivable due from the subsidiaries to LGD arising from export sales were sold to banks under the agreements above. Of the total trade accounts receivable sold under the programs, W662,745 million are outstanding and current as of September 30, 2008. The transferred accounts receivable was recorded as short-term borrowings.

In October 2006, LG Display America, Inc. (formerly, LG.Philips LCD America, Inc.), LG Display Germany GmbH (formerly, LG.Philips LCD Germany GmbH), LG Display Shanghai Co., Ltd. (formerly, LG.Philips LCD Shanghai Co., Ltd.) and LG Display Hong Kong Co., Ltd. (formerly, LG.Philips LCD Hong Kong Co., Ltd.), entered into a five-year accounts receivable selling program with Standard Chartered Bank, selling accounts receivable on a revolving basis, of up to USD600 million. LGD joined this program in April 2007. For the nine-month period ended September 30, 2008, no accounts and notes receivable were sold that are past due.

Table of Contents

LG DISPLAY CO., LTD. (Formerly, LG.Philips LCD Co., Ltd.) AND SUBSIDIARIES

Notes to Interim Consolidated Financial Statements

(Unaudited)

September 30, 2007 and 2008

Factoring and securitization of accounts receivable

As of June 30, 2008, the Company has agreements with Korea Development Bank and several other banks for U.S. dollar denominated accounts receivable negotiating facilities with recourse of up to an aggregate of USD1,596.5 million. Certain trade accounts and notes receivable due from the subsidiaries to LGD arising from export sales were sold to banks under the agreements above. Of the total trade accounts receivable sold under the programs, (Won)839,943 million are outstanding and current as of June 30, 2008. The transferred accounts receivable was recorded as short-term borrowings.

Table of Contents

LG DISPLAY CO., LTD. (Formerly, LG.Philips LCD Co., Ltd.) AND SUBSIDIARIES

Notes to Interim Consolidated Financial Statements

(Unaudited)

June 30, 2007 and 2008

In October 2006, LG Display America, Inc. (formerly, LG.Philips LCD America, Inc.), LG Display Germany GmbH (formerly, LG.Philips LCD Germany GmbH), LG Display Shanghai Co., Ltd. (formerly, LG.Philips LCD Shanghai Co., Ltd.) and LG Display Hong Kong Co., Ltd. (formerly, LG.Philips LCD Hong Kong Co., Ltd.), entered into a five-year accounts receivable selling program with Standard Chartered Bank, selling accounts receivable on a revolving basis, of up to USD600 million. LGD joined this program in April 2007. For the six-month period ended June 30, 2008, no accounts and notes receivable were sold that are past due.

In September 2006, LG Display Taiwan Co., Ltd. entered into accounts receivable selling program with ChinaTrust Bank and another bank of up to USD587.5 million. At June 30, 2008, no accounts and notes receivable were sold that are past due.

Factoring and securitization of accounts receivable

As of March 31, 2008, the Company has agreements with Korea Development Bank and several other banks for U.S. dollar denominated accounts receivable negotiating facilities with recourse of up to an aggregate of USD1,313.5 million. Certain trade accounts and notes receivable due from the subsidiaries to LGD arising from export sales were sold to banks under the agreements above. As of March 31, 2008, trade accounts receivable amounting to (Won)581,926 million are current and there are no outstanding trade accounts receivable that are past due. The transferred accounts receivable was recorded as short-term borrowings.

In October 2006, LG Display America, Inc. (formerly, LG.Philips LCD America, Inc.), LG Display Germany GmbH (formerly, LG.Philips LCD Germany GmbH), LG.Philips LCD Shanghai Co., Ltd. and LG Display Hong Kong Co., Ltd. (formerly, LG.Philips LCD Hong Kong Co., Ltd.), entered into a five-year accounts receivable selling program with Standard Chartered Bank, selling accounts receivable on a revolving basis, of up to USD600 million. LGD joined this program in April 2007. For the three-month period ended March 31, 2008, no accounts receivable were sold.

In September 2004, LG Display America Inc., LG Display Germany GmbH, LG Display Japan Co., Ltd. (formerly, LG.Philips LCD Japan Co., Ltd.) and LG Display Taiwan Co., Ltd. (formerly, LG.Philips LCD Taiwan Co., Ltd.) entered into a five-year accounts receivable securitization program (the “Program”) with LG.Philips LCD America Finance Corporation, ABN AMRO-Taipei Branch and ABN AMRO-Tokyo Branch. The Program allowed the subsidiaries to sell, on a revolving basis, an undivided interest up to USD350 million in eligible accounts receivables. However, on March 12, 2008, the Program was terminated.

In June 2006, LG.Philips LCD Shanghai Co., Ltd. entered into an accounts receivable selling program with Standard Chartered Bank for up to USD200 million. At March 31, 2008, no accounts and notes receivable were sold that are past due.

In September 2006, LG Display Taiwan Co., Ltd. entered into accounts receivable selling program with ChinaTrust Bank and another bank of up to USD587.5 million. At March 31, 2008, no accounts and notes receivable were sold that are past due.

76

Table of Contents

LG DISPLAY CO., LTD. (Formerly, LG.Philips LCD Co., Ltd.) AND SUBSIDIARIES

Notes to Consolidated Financial Statements

(Unaudited)

March 31, 2007 and 2008