17th November 2010

Placement Results


Imagination Technologies plc (LSE: IMG, “Imagination” or “the Group”) has successfully completed the placing announced earlier today (the “Placing”).

A total of 12,208,950 new ordinary shares of 10 pence each in Imagination (the “Placing Shares”) have been placed by J.P. Morgan Cazenove at a price of 310 pence per Placing Share, raising gross proceeds of approximately £37.8 million. The Placing Shares being issued represent approximately 5 per cent of Imagination’s issued ordinary share capital prior to the Placing.

Application will be made to the Financial Services Authority for admission of the Placing Shares to the Official List maintained by the UK Listing Authority and to the London Stock Exchange (the “LSE”) for admission to trading of the Placing Shares on the LSE’s main market for listed securities (together “Admission”). It is expected that Admission will take place on 22 November 2010 and that dealings in the Placing Shares on the LSE’s main market for listed securities will commence at the same time.

Such new shares will rank pari passu with the existing Ordinary Shares of Imagination.

Hossein Yassaie, Imagination’s Chief Executive, said:
“We are delighted that, with the backing of existing and new investors, we are in a position to execute the proposed acquisition of HelloSoft and potential incremental transactions which we believe will create long term value for our shareholders.”

J.P. Morgan Cazenove acted as sole bookrunner in respect of the Placing.

For further information, please contact:
Imagination Technologies Group PLC
Hossein Yassaie, CEO
Trevor Selby, CFO
Tel: 01923 260511

College Hill Associates
Adrian Duffield/Carl Franklin
Tel: 020 7457 2020

J.P. Morgan Cazenove
Rupert Sadler/Shona Graham
Tel: 020 7588 2828

This announcement is not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan or any jurisdiction into which the same would be unlawful. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire shares in the capital of the Company in the United States, Canada, Australia or Japan or any jurisdiction in which such an offer or solicitation is unlawful. Securities may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended, or an exemption therefrom. The shares in the Company referred to in this Announcement have not been and will not be registered under the US Securities Act of 1933, as amended, and will not be offered or sold to the public in the United States. No money, securities or other consideration is being solicited and, if sent in response to the information herein, will not be accepted.

This Announcement has been issued by and is the sole responsibility of the Company. No representation or warranty express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by JPMorgan Cazenove Limited (“JPMC”) or by any of its affiliates or agents as to or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

JPMC, which is authorised and regulated by the Financial Services Authority, is acting for the Company in connection with the offering of new ordinary shares to be issued by the Company (the “Placing”) and no-one else and will not be responsible to anyone other than the Company for providing the protections afforded to clients of JPMC nor for providing advice in relation to the Placing.

The distribution of this Announcement and the Placing in certain jurisdictions may be restricted by law. No action has been taken by the Company or JPMC that would permit an offering of such shares or possession or distribution of this Announcement or any other offering or publicity material relating to such shares in any jurisdiction where action for that purpose is required. Persons into whose possession this Announcement comes are required by the Company and JPMC to inform themselves about, and to observe, such restrictions.

Certain statements in this Announcement are forward-looking statements which are based on the Company’s, expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The information contained in this announcement is subject to change without notice and neither the Company nor JPMC assume any responsibility or obligation to update publicly or review any of the forward-looking statements contained herein.

Any indication in this Announcement of the price at which ordinary shares have been bought or sold in the past cannot be relied upon as a guide to future performance. No statement in this Announcement is intended to be a profit forecast and no statement in this Announcement should be interpreted to mean that earnings per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings per share of the Company.


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