Holding(s) in Company

IQE PLC
05 November 2003

                            IQE plc ('the Company')
                             Holding(s) in Company

The Company was today notified by Canada Life Limited that, following the
Company's placing and open offer announced on 7 October 2003 ('Placing and Open
Offer'), Canada Life Marketing Group is now interested in 12,551,156 ordinary
shares of 1p each in the Company ('Ordinary Shares'), representing 4.0 per cent.
of the issued share capital of the Company.

Certain Directors of the Company also today notified the Company that, following
Placing and Open Offer, they are interested in Ordinary Shares as set out below:

Director     Ordinary Shares acquired under  Total Ordinary     % Ordinary
             Placing and Open Offer          Shares now held    Shares now
                                                                held

Dr Drew      666,666                         26,724,636         8.51
Nelson

Dr Michael   100,000                         26,157,970         8.33
Scott

Martin       100,000                         3,775,584          1.20
Lamb

Dr Godfrey   153,619                         1,411,045          0.45
Ainsworth


5 November 2003


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





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