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             *08-11-01
SPLITTING APPLICATION FORMS *03-12-01 5pm
RECEIPT OF APPLICATION FORMS *05-12-01 5pm
DEALING COMMENCE NEW SHARES *12-12-01
NOTES *