AGM Notice & Board Appt

IQE PLC
08 May 2006


For Immediate Release                                                 8 May 2006



                                    IQE plc


                     NOTICE OF AGM AND DIRECTOR RETIREMENT



IQE plc (the Company), the leading global supplier of customised wafer products
and outsourced wafer services to the semiconductor industry, is pleased to
announce the date of its seventh Annual General Meeting which will be held at
its registered offices in Cardiff on Wednesday 31 May 2006, starting at 10:00
am.  Agendas, voting cards and copies of annual report and financial statements
have been mailed to all registered shareholders and should be received over the
next few days. The Company also anticipates presenting a pre AGM trading update
on 30 May 2006.

As part of the normal three yearly re-election of officers by rotation, Dr Mike
Scott, currently Sales & Marketing Director, has decided not to seek re-election
and will therefore retire from the Board at the AGM .However, he will continue
his involvement with the Group as he has accepted a part time Group Business
Development Advisor role. Over the last few months, he has gradually been
reducing his overall Group Sales & Marketing role and his responsibilities have
been re-allocated to the Sales & Marketing Executives of the four Group
operating companies who will each report directly to Dr Drew Nelson, Group CEO.





Contacts:

IQE plc :
Drew Nelson                                           [phone]
Stuart Hall                                           [phone]
Chris Meadows                                         [phone]
Buchanan Communications :
Tim Thompson/Nicola Cronk/ Ben Romney                 [phone]






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