Imagination Technologies announces that Sunplus Technology has licensed PowerVR MBX IP

March 16,2004 - Imagination Technologies Group plc ("Imagination Technologies"), the leading provider of multimedia and communication intellectual property ("IP"), today announces that Sunplus Technology Company Limited ("Sunplus") has licensed PowerVR MBX IP from Imagination Technologies for incorporation into application processors.

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 Sunplus ship products incorporating the licensed technology.

Imagination Technologies Group plc – a leader in SoC IP – develops, licenses and supplies market-leading graphics/video cores, real-time multi-threaded DSP/RISC processors and communication and broadcast technologies for the consumer entertainment and PC markets. It supplies both licensable IP (Intellectual Property) and related 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).