SEOUL, Korea (July 23, 2015) - LG Display reported today unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three-month period ending June 30, 2015.

- Revenue in the second quarter of 2015 decreased by 4% to KRW 6,708 billion from KRW 7,022 billion in the first quarter of 2015 and increased by 12% from KRW 5,979 billion in the second quarter of 2014.

- Operating profit in the second quarter of 2015 recorded KRW 488 billion, a quarter-on-quarter decrease of 34% from an operating profit of KRW 744 billion, and a year-on-year increase of 199% from the operating profit of KRW 163 billion in the second quarter of 2014.

- EBITDA in the second quarter of 2015 was KRW 1,347 billion, compared with EBITDA of KRW 1,595 billion in the first quarter of 2015 and with EBITDA of KRW 1,008 billion in the second quarter of 2014.

- Net income in the second quarter of 2015 amounted to KRW 363 billion, a quarter-on-quarter decrease of 24% from KRW 476 billion in the first quarter of 2015, and a year-on-year increase of 42% from KRW 256 billion in the second quarter of 2014.

LG Display announced today its thirteenth straight quarterly operating profit at KRW 488 billion and quarterly revenue of KRW 6,708 billion as a result of its differentiated product strategy despite a global decrease in consumption.

Despite customers adjusting their orders because of economic uncertainties, LG Display was able to report its thirteenth straight quarterly operating profit due to a continued trend towards large sized displays and an expanded customer base driven by Advanced In-Cell Touch (AIT) technology in the small to medium product segment. However, revenue declined by 4% and operating profit by 34% on a quarter-on-quarter basis because of a decline in panel prices that reflected weak demand in IT product segments.

TFT-LCD panels for TVs accounted for 40% of revenue in the second quarter of 2015, mobile device panels for 28%, tablet PCs and notebook PCs 16%, and monitors 16%.

LG Display will increase the production of premium products such as Ultra HD, Advanced In-Cell Touch (AIT), and large-sized display segments, while conducting full-scale efforts to expand the OLED market and customer base. Further, the company plans to improve its cost competitiveness by converting an existing LCD line to OLED line during the second half of the year and engaging in proactive marketing activities for large size OLED to expand the market and improve OLED recognition.

The company will also offer an increased range of the OLED product line-up based on different sizes and resolutions that satisfy customer needs, including investments in the next generation flexible OLED display, as it continues to lead the global display market.

With 78% in the liability-to-equity ratio, 144% in the current ratio, and 11% in the net debt-to-equity ratio as of June 30, 2015, the financial structure of the company remains stable.

Outlook

The following forecast is based on information as of July 23, 2015. The Company does not expect to update its estimates until the next quarter's earnings announcement. However, the Company reserves the right to update its full business outlook, or any portion thereof, at any time and for any reason.

Mr. Don Kim, CFO of LG Display said "Total net display area shipments in the third quarter are expected to remain flat compared to the second quarter. Panel prices in the third quarter are expected to continue on a downturn trend, although price fluctuations are expected to vary among panel makers because there will be differences in panel demand based on product segment and sizes. We will implement a flexible production operation and utilization adjustment strategy based on market situations."

Earnings Conference and Conference Call

LG Display will hold a Korean language earnings conference on July 23, 2015 at 4:00 p.m. Korea Standard Time at the Auditorium (B1), Twin Towers, East Tower, Yeouido, Seoul, Korea. An English language conference call will follow on July 24, 2015 at 10:30 a.m. Korea Standard Time. (9:30 p.m. EST, 2:30 a.m. GMT) The call-in number is +82 (0)31-810-3061 both for callers in Korea and callers outside of Korea. The confirmation number is 9999#. Corresponding slides will be available at the Investor Relations section of the LG Display web site: www.lgdisplay.com.

Investors can listen to the conference call via the Internet at www.lgdisplay.com. To listen to the live call, please go to the Investor Relations section of the web site at least 15 minutes prior to the call to register and install any necessary audio software.

For those who are unable to participate in the call, a replay will be available for 30 days after the call. The call-in number is +82 (0)31-931-3100 both for callers in Korea and callers outside of Korea. The confirmation number for the replay is 109571#. Please receive your personal pin code prior to the conference call at http://pin.teletogether.com/eng; please key in 9999 on the main page to receive a personal pin code.

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world's leading innovator of display technologies including thin-film transistor liquid crystal display (TFT-LCD) panels, OLEDs, and flexible displays. The company manufactures and provides TFT-LCD panels in a broad range of sizes and specifications for use in TVs, monitors, notebook PCs, and various other applications including mobile devices and tablets. LG Display currently operates fabrication facilities in Korea and China, and back-end assembly facilities in Korea, China and Poland. The company has a total of 53,000 employees operating worldwide. Please visit www.lgdisplay.com for more information.

Forward-Looking Statement Disclaimer

This press release contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from our forward-looking statements can be found in our filings with the United States Securities and Exchange Commission.

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