IQE plc : Holding(s) in Company

6 November 2014

IQE plc
("IQE" or the "Company")

Holding(s) in Company

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ii			IQE PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights				X
Other (please specify):
3. Full name of person(s) subject to the notification obligation:iii		T. Rowe Price Associates, Inc.
4. Full name of shareholder(s)  (if different from 3.):iv		JP Morgan Chase National Australia Bank Bank of New York Mellon Bank, N.A. State Street Bank & Trust Co.
5. Date of the transaction and date on which the threshold is crossed or reached:v		31 October 2014
6. Date on which issuer notified:		05 November 2014
7. Threshold(s) that is/are crossed or reached: vi, vii		13%

8. Notified details:

A: Voting rights attached to sharesviii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB0009619924

85,734,179

85,734,179

85,710,021

85,710,021

12.98%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

85,710,021

12.98%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
T. Rowe Price Associates, Inc. (TRPA) serves as investment adviser, with dispositive and voting authority, to various institutional clients that own shares of IQE Plc, including the T. Rowe Price International Discovery Fund, which owns 65,651,096 shares.  Such shares are registered in the following name(s):   JP Morgan Chase - 75,339,369   National Australia Bank - 1,499,422   Bank of New York Mellon Bank, N.A. - 2,971,386   State Street Bank & Trust Co. - 5,899,844
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:	Ryan Nolan, Vice President & Senior Legal Counsel T. Rowe Price Associates, Inc.
15. Contact telephone number:	001 410 345 6618

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: IQE plc via Globenewswire

HUG#1869256