Holding(s) in Company

IQE PLC
07 December 2004



                            IQE plc ('the Company')
                             Holding in the Company

The Company was notified by Canada Life Limited, that the management of the
Canada Life Unit Trusts has been transferred to Capita Financial Managers
Limited. The Canada Life Group through Canada Life Asset Management Limited
continues however to be investment managers of the funds.
As a result Canada Life's interest in the Company remains unchanged at
14,551,156 ordinary shares of 1p each in the Company ('Ordinary Shares'). These
Ordinary Shares represent 4.6 per cent. of the issued share capital of the
Company.


07 December 2004



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