Press release

08 December 2004

CHIPS and Systems Inc. Licenses Imagination Technologies’ IP

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London, UK: Imagination Technologies Group plc (“”;Imagination Technologies””;) a leader in System-on-Chip Intellectual Property (“”;SoC IP””;) today announces that CHIPS and Systems Inc. (“”CHIPS””) has licensed a range of PowerVR IP cores from Imagination Technologies for integrated circuits for the high-growth consumer multimedia market.

Under the terms of the agreement, further details of which shall not be disclosed, Imagination Technologies receives license fee income and will receive royalty revenues when CHIPS ship products incorporating the licensed technology.

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