Additional Listing

IQE PLC
21 January 2004


                            IQE plc ('the Company')

                  Additional Listing / Director's Shareholding



Application has today been made to the London Stock Exchange for 298,282
ordinary shares of 1p each in the Company ('Ordinary Shares') to be admitted to
trading on AIM. These Ordinary Shares are being issued pursuant to the exercise
of share options by employees of the Company and to satisfy non-executive
directors' fees for the fourth quarter of 2003.


100,362 of these Ordinary Shares, representing approximately 0.03% of the
existing issued share capital of the Company, are being issued to Dr G.H.H.
Ainsworth in settlement of his Chairman's fees for the fourth quarter of 2003.
Following this issue, Dr G.H.H. Ainsworth will be interested in 1,511,407
Ordinary Shares, representing approximately 0.48% of the issued share capital of
the Company.


Admission of all the Ordinary Shares is expected to become effective on 26
January 2004.





21 January 2004





For further information, please contact:
Leslie Coventry, IQE plc                                          02920 839400
Chris Meadows, IQE plc                                            02920 839400
Matthew Wood, Evolution Beeson Gregory Ltd                       020 7071 4300











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