IQE plc : Holding(s) in Company

06 May 2016

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:			IQE PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
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:		T. Rowe Price Associates, Inc.
4. Full name of shareholder(s)  (if different from 3.):		JP Morgan Chase State Street Bank & Trust Co. Bank of New York Mellon Bank, N.A. Bank of New York Mellon (FL)
5. Date of the transaction and date on which the threshold is crossed or reached:		02 May 2016
6. Date on which issuer notified:		04 May 2016
7. Threshold(s) that is/are crossed or reached:		12%

8. Notified details:

A: Voting rights attached to shares

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

Direct

Direct

Indirect

Direct

Indirect

GB0009619924

80,658,364

80,658,364

80,658,364

80,658,364

11.99%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

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

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

80,658,364

11.99%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
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 64,785,075 shares. Such shares are registered in the following name(s):   JP Morgan Chase - 75,143,340   State Street Bank & Trust Co. - 2,140,067   Bank of New York Mellon Bank, N.A. - 1,970,892   Bank of New York Mellon (FL) - 1,404,065   Of the 80,658,364 shares managed by T. Rowe Price Associates, Inc., 45,642 shares of the issuer are currently on loan. T. Rowe Price Associates, Inc. may recall these shares at any time.
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:	Gary Greb, Vice President T. Rowe Price Associates, Inc.
15. Contact telephone number:	001 410 345 2527

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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#2010224