2004 Highlights

• Completed initial public offering on Nasdaq of 2,500,000 shares of common stock in December 2004; raised approximately $25 million in net proceeds
• Reported revenues of $13.3 million for the year, an increase of 24% from $10.7 million in 2003
• 2003 revenues included sales from Litrex, a subsidiary which was deconsolidated part way through 2003. Excluding Litrex sales, 2004 revenues are 65% higher than the previous year

CAMBRIDGE, United Kingdom, March 8, 2005 -- Cambridge Display Technology, Inc. (Nasdaq: OLED) has reported its unaudited financial results for the year ended December 31, 2004. The Company is a pioneer in the development of polymer light emitting diode technology. In December 2004, the Company completed its initial public offering.

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