Additional Listing

IQE PLC
11 February 2002

                            IQE plc ('the Company')

                               Additional Listing

Application has today been made to the UK Listing Authority and the London Stock
Exchange for 2,560 ordinary shares of 1p each in the Company ('Ordinary Shares')
to be admitted to the Official List. The Ordinary Shares are being issued to
former employees pursuant to the exercise of options under the Company's
Employee Share Option Scheme. Admission is expected to become effective on 15
February 2002.

11 February 2002

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



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