FUTURE WAVES LICENSES IMAGINATION TECHNOLOGIES' BROADCAST RECEIVER IP PLATFORM

KINGS LANGLEY, UK, May 3, 2007 -- Imagination Technologies Group plc (LSE:IMG; "Imagination") - a leader in System-on-Chip Intellectual Property ("SoC IP") - reports that Future Waves, the designer of RF and mixed-signal semiconductor components for next-generation digital communication and broadcast technologies, has licensed Imagination's multi-standard Broadcast Receiver IP Platform under a multiple-use licensing agreement.

This follows the announcement in Imagination's trading update of 13 April 2007 that Future Waves has licensed technologies from Imagination.

Future Waves will market SoCs integrating Imagination's IP alongside Future Waves' leading multi-standard RF technologies to enable a range of mobile broadcast devices.

Imagination Technologies' Broadcast Receiver IP Platform is based on the combination of Imagination's highly efficient Ensigma UCC demodulation and META processing cores. The solution delivers market-leading features and performance, enabling multi-standard broadcast reception from the same silicon area as a single-standard chip.

Under the terms of its licensing arrangements Imagination receives license fees and royalty revenues on SoCs incorporating Imagination's IP shipped by partners. Consideration for the license to Future Waves is by means of cash payment and an equity component in the form of a convertible loan note in Future Waves.

About Future Waves

Future Waves is a cutting-edge designer of RF and mixed-signal semiconductor components for next generation digital communication and broadcast technologies. The company is a new and fast growing organization with a management team that brings a vast repository of industry experience to bear. With the operation base in Taiwan, Future Waves set up a R&D center in the UK and a customer support office in Korea to provide efficient sales and technical support to partners and customers. See: www.f-waves.com.

About Imagination Technologies

Imagination Technologies Group plc - a leader in SoC IP - develops, licenses and supplies market-leading graphics, video and display cores, real-time multi-threaded DSP/RISC processors and communication and broadcast technologies for the mobile, consumer, automotive and PC markets. It supplies licensable IP (Intellectual Property) supported by advanced development tools to leading semiconductor and consumer electronics companies worldwide. Imagination Technologies Group plc has its corporate headquarters in the United Kingdom and is publicly traded on the London Stock Exchange (FTSE:IMG). See: www.imgtec.com.

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