LONDON, 16 January 2008 – Panmure Gordon & Co is pleased to announce that it has been appointed joint broker for leading semiconductor wafer supplier, IQE plc.

“IQE is a high quality addition to our broking business and our appointment as joint broker allows IQE to leverage both our UK and US capabilities,” said Tim Linacre, Chief Executive, Panmure Gordon.

“We are delighted to appoint Panmure Gordon as joint broker alongside Noble & Co, and look forward to benefiting from their experience and expertise in the UK and US institutional markets. We have been impressed by the enthusiasm shown by Panmure Gordon and by their US business ThinkEquity Partners LLC, and we look forward to marketing the story on both sides of the Atlantic,” said Dr Drew Nelson, President and Chief Executive, IQE.

ThinkEquity Partners LLC, a member of Finra and SIPC in the United States, is a wholly-owned subsidiary of Panmure Gordon & Co plc (PMR.L).