RNS Number:1215O
Imagination Technologies Group PLC
30 July 2003

                       Imagination Technologies Group plc
                                 AGM Statement



At the Annual General Meeting of Imagination Technologies Group plc today,
Chairman Geoff Shingles will make the following comments to shareholders:



"Despite a difficult year for the semiconductor industry our strategy of
delivering complementary system-on-chip (SoC) IP cores from our three
fundamental technology families, PowerVR, Metagence and Ensigma, is showing
significant success with a growing number of partners.



Over the last twelve months we have seen significant growth in licensing
partnerships, with new agreements signed with Texas Instruments, Sharp, Intel,
Renesas (the Hitachi and Mitsubishi Semiconductor merger) and Frontier Silicon.
This places us in a strong position in key platforms including mobile phone,
PDA, digital video and television, digital radio, in-car information and
entertainment, with partners committed to over ten chips using our IP across
these markets. We can look forward to royalties from these chips beginning to
build later in this financial year.



We were pleased to have raised #4.4m of additional equity capital in the recent
placing with institutional investors. These additional funds have strengthened
the balance sheet and will enable the Company to engage successfully with global
semiconductor and systems companies.



Strong interest in our IP continues and we are in active negotiation on a number
of potential license deals - in the short term these deals will continue to be
the main driver behind our financial performance.  Whilst we cannot be precise
on timing, it is our aim to secure in excess of five new licensing partnership
agreements during the current financial year."

                                                                    30 July 2003



Enquiries:


Imagination Technologies Group plc                   Tel: 01923 260511
Geoff Shingles, Chairman
Hossein Yassaie, CEO
Trevor Selby, CFO

College Hill                                         Tel: 020 7457 2020
Matthew Smallwood/Kate Pope








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