LG Display (LPL)

Future sales of shares of our common stock in the public market may depress our stock price and make it difficult for you to recover the full value of your investment in our common stock or our ADSs.

We cannot predict the effect, if any, that market sales of shares of our common stock or the availability of our common stock for sale will have on the market price of our common stock prevailing from time to time. Our largest shareholder, LG Electronics, currently owns approximately 37.9% of our voting stock. There is no assurance that LG Electronics will not sell a portion of its ownership interest in us.

Any future sales of a significant number of shares of our common stock in the public market by us or by LG Electronics, or the perception that these events may occur, could cause the market price of our common stock to decrease or to be lower than it might be in the absence of these events or perceptions.

Future sales of shares of our common stock in the public market may depress our stock price and make it difficult for you to recover the full value of your investment in our common stock or our ADSs.

We cannot predict the effect, if any, that market sales of shares of our common stock or the availability of our common stock for sale will have on the market price of our common stock prevailing from time to time. Our two major shareholders, LG Electronics and Philips Electronics together currently own approximately 51.1% of our voting stock. On October 10, 2007, Philips Electronics sold 46.4 million shares of our common stock to financial institutions in a capital markets transaction, which represented approximately 13.0% of our issued share capital, and reduced Philips Electronics’ ownership interest in us from 32.9% as of December 31, 2006 to 19.9% as of December 31, 2007. On March 12, 2008, Philips Electronics sold 24.0 million shares of our common stock to institutional investors and further reduced its ownership interest in us to 13.2%. There is no assurance that Philips Electronics will not further sell a portion of its ownership interest in us.

Any future sales of a significant number of shares of our common stock in the public market by us or by either of our current major shareholders, LG Electronics and Philips Electronics, or the perception that these events may occur, could cause the market price of our common stock to decrease or to be lower than it might be in the absence of these events or perceptions.

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Future sales of shares of our common stock in the public market may depress our stock price and make it difficult for you to recover the full value of your investment in our common stock or our ADSs.

Philips Electronics, one of our two principal shareholders and which owned 32.9% of our voting stock as of December 31, 2006, has announced its intent to sell a portion of its ownership interest in us. The shareholders’ agreement between LG Electronics and Philips Electronics requires LG Electronics and Philips Electronics, among other things, to not effect any sale or transfer of our shares that would decrease their respective ownership interests in us to lower than 30% prior to July 23, 2007 without the prior written consent of the other party. Following July 23, 2007, subject to certain transfer restrictions pursuant to the shareholders’ agreement, Philips Electronics may sell its holdings in us without the prior written consent of LG Electronics. See “Item 6.E. Share Ownership—Shareholders’ Agreement” below for a description of certain transfer restrictions.

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If we or either of our current principal shareholders, LG Electronics and Philips Electronics, sell substantial amounts of our common stock in the public principal market, or if there is a perception that these sales may occur, the market price of our common stock could decline.

Future sales of shares of our common stock in the public market may depress our stock price and make it difficult for you to recover the full value of your investment in our common stock or our ADSs.

If our current principal shareholders, LG Electronics and Philips Electronics, sell substantial amounts of our common stock in the public principal market, or if there is a perception that these sales may occur, the market price of our common stock could decline.

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Future sales of shares of our common stock in the public market may depress our stock price and make it difficult for you to recover the full value of your investment in our common stock or our ADSs.

Our two principal shareholders LG Electronics and Philips Electronics have agreed with each other to a one-year lock-up period from the date when both our common stock and ADSs were listed on the Korea Exchange and the New York Stock Exchange, respectively, for any transfer or acquisition of any of our shares without the prior written consent of the other (except transfers to its affiliates). We listed our ADSs on the New York Stock Exchange on July 22, 2004 and our common stock on the Korea Exchange on July 23, 2004.

If LG Electronics and Philips Electronics sell substantial amounts of our common stock in the public market following the expiration of the aforementioned lock-up periods, or if there is a perception that these sales may occur, the market price of our common stock could decline.