Additional Listing

IQE PLC
20 December 2001



                           IQE plc ('the Company')

                              Additional Listing


Application has today been made to the UK Listing Authority and the London
Stock Exchange for 4,860 ordinary shares of 1p each in the Company ('Ordinary
Shares') to be admitted to the Official List. The Ordinary Shares are being
issued to employees pursuant to the exercise of options under the Company's
Employee Share Option Scheme. Admission is expected to become effective on 24
December 2001.




20 December 2001




For further information, please contact:

Leslie Coventry, IQE plc             02920 839400

Chris Meadows, IQE plc               02920 839400

Matthew Wood, Beeson Gregory Ltd     020 7488 4040