Wavecom included in French high tech stock market index

Issy-les-Moulineaux, France-April 13, 2000

Wavecom SA (Nasdaq: WVCM; Nouveau Marché: WAVECOM), a leading developer of digital wireless standard modules (WISMO™) announced today that it will be included in the ParisBourse's IT.CAC50 technology index beginning May 10, 2000.

The IT.CAC50 is composed of 50 of France's most actively traded technology stocks. It was created to provide investors and finance-industry professionals with benchmarks that reflect the importance of the New Economy and the high proportion of technology stocks listed on the Bourse.

"Being listed on France's most selective high-technology index demonstrates Wavecom's growing reputation as a technology leader," said Michel Alard, Wavecom Chairman of the Board. "People refer to the IT.CAC50 when they want to know what is going on among the most important French technology companies."