Corporate Action

IQE PLC
14 November 2001

ENTITLEMENT ISSUE
SECURITY TITLE
*Ord Shs
MNEMONIC CODE           *IQE
SEDOL CODE              *961-992
TERMS                   *2 New Ordinary Shares for every 25 existing Ordinary
                         Shares held at 155p
EX DATE                 *14-11-01
RECORD DATE             *Info n/a
SPLITTING APPLICATION FORMS *Info n/a
RECEIPT OF APPLICATION FORMS *Info n/a
DEALING COMMENCE NEW SHARES *Info n/a
NOTES *