Directorate Change

IQE PLC 23 August 2002 23 AUGUST 2002 IQE plc ('the Group') Re: Directorate It is announced that, as part of the current Group restructuring, Richard Clarke (Group CFO) and Scott Massie (President, IQE Inc.) will leave the Group and consequently they have resigned as directors of IQE plc with effect from 31 August 2002. The Board extends its appreciation to both Richard and Scott for their contributions to the business, particularly during the recent difficult market conditions. Tim Hawkes, FCMA, who joined the Group in March 2002, has been appointed acting Group CFO with immediate effect, and Howard Williams, who has been with the Group since 1988, has been appointed acting General Manager of IQE Inc. For further information please contact: Drew Nelson, President and CEO, IQE plc (029) 20 839405 Nicola Cronk/ Fergus Mellon, Buchanan Communications (0207) 466 5000 This information is provided by RNS The company news service from the London Stock Exchange

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IQE (IQE)
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