IQE PLC — M&A Activity 2018

Feb 12, 2018

National Storage Mechanism | Additional information

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12 February 2018

IQE plc

("IQE" or the "Company")

Statement from Cardiff Joint Venture Partner

Further to the announcements made on 5 February 2018 and 8 February 2018, IQE notes the following statement provided by its Cardiff joint venture ("CSC") partner:

"Cardiff University has invested equity of £21.8M in the Compound Semiconductor Centre. IQE contributed their share in hardware, infrastructure and licensing intellectual property, all independently valued. The University entered into the Joint Venture as a strategic investment to ensure our world leading research has a well-founded route to commercialisation. Several project wins have been announced within the last year. Co-owned and controlled by Cardiff University and IQE, CSC applies corporate standards of governance including an independent chair, regular joint board meetings, annual reports and published accounts. The University is represented on the CSC board by appropriately qualified directors."

Contacts:

IQE plc Drew Nelson  Phil Rasmussen Chris Meadows	+44 (0) 29 2083 9400
Canaccord Genuity Simon Bridges Henry Fitzgerald-O'Connor Richard Andrews	+ 44 (0) 20 7523 8000
Peel Hunt Edward Knight Nick Prowting	+44 (0) 20 7418 8900
FTI Consulting Matt Dixon Rob Mindell Harry Staight	+44 (0) 20 3727 1000

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*This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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*