FREESCALE SEMICONDUCTOR SIGNS MULTIPLE-USE LICENSE AGREEMENT WITH IMAGINATION TECHNOLOGIES

KINGS LANGLEY, UK, May 23, 2006 - Imagination Technologies Group plc (LSE:IMG; "Imagination") - a leader in System on Chip Intellectual Property ("SoC IP") - reports that Freescale Semiconductor (NYSE:FSL; NYSE:FSL.B; "Freescale") has signed a multiple-use license agreement with Imagination which enables Freescale to deploy Imagination's PowerVR MBX Lite core alongside a wider range of CPUs and to also use Imagination's PowerVR VGP Lite core in its SoCs.

Freescale has previously licensed PowerVR MBX Lite, which is integrated in its iMX.31 mobile application processor.

Under the terms of its licensing arrangements Imagination receives license fees and royalty revenues on SoCs incorporating Imagination's IP shipped by its partners.

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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