Wavecom Announces Delay in Secondary Offering

Issy-les-Moulineaux, France -April 07, 2000

Wavecom S.A. (Nasdaq:WVCM; Nouveau Marché: WAVECOM), a leading developer of digital Wireless Standard Modules (WISMO™), today announced that it intends to delay its planned secondary offering due to the current high volatility in the U.S. and French markets for technology stocks. The Company may decide to proceed with the planned offering on the Nasdaq Stock Market and the French Nouveau Marché when market conditions stabilize.