Additional Listing

IQE PLC
05 March 2004



                            IQE plc ('the Company')
                               Additional Listing

Application has today been made to the London Stock Exchange for 21,745 ordinary
shares of 1p each in the Company ('Ordinary Shares') to be admitted to trading
on AIM. These Ordinary Shares are being issued pursuant to the exercise of share
options by former employees of the Company.

Admission of all the Ordinary Shares is expected to become effective on 11 March
2004.


5 March 2004


For further information, please contact:

Leslie Coventry, IQE plc                                          02920 839400
Chris Meadows, IQE plc                                            02920 839400
Matthew Wood, Evolution Beeson Gregory Ltd                       020 7071 4300


                      This information is provided by RNS
            The company news service from the London Stock Exchange