2005 Highlights

• Reported revenues of $18.1 million for the year, an increase of 36% from 2004
• Successful sale of remaining equity in Litrex Corporation to Ulvac of Japan for an overall gain on the entire transaction of $15.9 million
• Formation of Sumation™ - 50/50 JV with Sumitomo Chemical of Japan incorporating Dow Chemical P-OLED IP acquired by Sumitomo and licensed by Sumitomo to the JV
• New revenue streams established through distribution of Litrex ink jet printers and sales of materials
• Strong progress in materials development

CAMBRIDGE, United Kingdom, March 13, 2006 -- Cambridge Display Technology, Inc. [Nasdaq: OLED] today reported its financial results for the year ended December 31, 2005. The Company, which completed its IPO in December 2004, is a pioneer in the development of polymer organic light emitting diode (P-OLED) technology.

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