Holding(s) in Company

IQE plc
(the ''Company'' or ''IQE'')

Notification of Interest
The Company was informed on 21 July 2008 that Polar Capital LLP has a
notifiable interest of 11,476,667 ordinary shares in IQE, being 2.65%
of the issued share capital of the Company.

The total number of the Company's ordinary shares in issue is
432,437,420.  The ordinary shares referred to above are the ordinary
shares of 1 pence each.
Contacts:

IQE plc
[phone]
Leslie Coventry

Noble & Company Limited
[phone]
John Llewellyn-Lloyd
Sam Reynolds

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