Placing&Open Offer Timetable

IQE PLC
14 November 2001


                            IQE PLC ('the Company)

                            EXPECTED TIMETABLE OF

                     THE COMPANY'S PLACING AND OPEN OFFER

                        ANNOUNCED ON 14 NOVEMBER 2001


                                                                           2001

Record Date for the Open Offer                             Close of business on
                                                                     8 November

Latest time and date for splitting of Application Forms  5.00p.m. on 3 December
(to satisfy bona fide market claims)                                  

Latest time for receipt of Application Forms and payment 5.00p.m. on 5 December
under the Open Offer                                                   

Latest time and date for return of form of proxy         10.00a.m. on 8 December

Extraordinary General Meeting                           10.00a.m. on 10 December

Allotment and issue of New Ordinary Shares                          10 December
(conditional on Admission occurring)

New Ordinary Shares are admitted to the Official List and           12 December
dealings commence

New Ordinary Shares are admitted to listing on Nasdaq               12 December
Europe

Completion of the Motorola Subscription, Placing and Open           12 December
Offer and Draw Down Facility

Despatch of definitive Share Certificates for New                By 14 December
Ordinary Shares


14 November 2001