IQE PLC
16 January 2008


16 January 2008


IQE plc


Appointment of Joint Broker


The Directors of IQE plc (the "Company" or "IQE") are pleased to announce with
immediate effect the appointment of Panmure Gordon (UK) Limited as joint broker
to the Company alongside Noble & Company Limited, who remain as nominated
adviser (NOMAD) and joint brokers.


Dr Drew Nelson, President and Chief Executive of IQE, commented:


"We are delighted to appoint Panmure Gordon as joint broker.  We look forward to
benefiting from the experience and expertise in the UK and US institutional
markets of Panmure Gordon and their US business ThinkPanmure, and to increased
exposure for IQE on both sides of the Atlantic."


For further information, please contact:


IQE plc                                                +44 (0)29 2083 9400
Dr Drew Nelson, CEO
Phil Rasmussen, CFO

Panmure Gordon (UK) Limited                            +44 (0)20 7459 3600
Aubrey Powell
Andrew Collins

Noble & Company Limited                                +44 (0)20 7763 2200
John Llewellyn-Lloyd
Sam Reynolds

College Hill Associates                                + 44 (0) 207 457 2020
Adrian Duffield
Ben Way


About IQE plc


IQE is the leading global supplier of advanced semiconductor wafers with
products that cover a diverse range of applications, supported by an innovative
outsourced foundry services portfolio that allows the Group to provide a 'one
stop shop' for the wafer needs of the world's leading semiconductor
manufacturers.


IQE uses advanced crystal growth technology (epitaxy) to manufacture and supply
bespoke semiconductor wafers ('epi-wafers') to the major chip manufacturing
companies, who then use these wafers to make the chips which form the key
components of virtually all high technology systems. IQE is unique in being able
to supply wafers using all of the leading crystal growth technology platforms.


IQE's products are found in many leading-edge consumer, communication, computing
and industrial applications, including a complete range of wafer products for
the wireless industry, such as mobile handsets and wireless infrastructure,
Wi-Fi, WiMAX, base stations, GPS, and satellite communications; optical
communications, optical storage (CD, DVD), laser optical mouse, laser printers &
photocopiers, thermal imagers, leading-edge medical products, barcode, high
efficiency LEDs and a variety of advanced silicon based systems.


The manufacturers of these chips are increasingly seeking to outsource wafer
production to specialist foundries such as IQE in order to reduce overall wafer
costs and accelerate time to market.


IQE also provides bespoke R&D services to deliver customized materials for
specific applications and offers specialist technical staff to manufacture to
specification either at its own facilities or on the customer's own sites. The
Group is also able to leverage its global purchasing volumes to reduce the cost
of raw materials. In this way IQE's outsourced services, provide compelling
benefits in terms of flexibility and predictability of cost, thereby
significantly reducing operating risk.



IQE operates six manufacturing facilities located in Cardiff (two) and Milton
Keynes in the UK; in Bethlehem, Pennsylvania and Somerset, New Jersey in the
USA; and Singapore. The Group also has 11 sales offices located in major
economic centres worldwide.


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