Wavecom increases Asian Markets share

Major contract for WISMO™ modules signed with Sewon Telecom of Korea.
Issy-les-Moulineaux, France-May 09, 2000

Wavecom S.A. (NASDAQ: WVCM; Nouveau Marché: WAVECOM), a leading developer of digital wireless standard modules (WISMO™), today announced it has signed a contract with Sewon Telecom, one of the largest telecommunications companies in Korea.

The agreement calls for Wavecom to deliver 200,000 WISMO2C modules, for the first 15 months of production, to be used in the manufacture of Sewon's portable GSM telephones. The WISMO2C dual band, plug-in module is a fully integrated device offering a full range of GSM Phase 2+ features. GPRS compatible, the ultra-compact WISMO2C is the best choice for applications where space is limited.

"We chose the WISMO solution because of its advanced technology and because it is easy to integrate into our mobile phones due to its small size, light weight and low power consumption. It will give us a significant time savings in bringing our product to market" said Sewon Director H.S. Han.

"This is the first major contract we have signed with a Korean manufacturer and one of the largest contracts for Wavecom," said Jean-Charles Andreani, Managing Director of Wavecom Asia Pacific Ltd., Wavecom's Hong Kong-based subsidiary. "Following our successes in Japan, China and Taiwan, this contract indicates how the reputation of our WISMO solution is growing in the Asian market."

About Sewon Telecom Co., Ltd:

Sewon Telecom Co., Ltd is a manufacturer of mobile telecommunication terminals such as CDMA terminals, GSM terminals and TRS(Trunked Radio System) terminals as well as MP3 players. The Company started the manufacturing of its digital CDMA handset for SK Telecom, Korea's leading mobile telecommunication service provider with over 10 million subscribers, from December 1998 and supplied the PCS handset that employs CDMA mode for Hansol M.com, Korea's mobile telecommunication service provider with over 3 million subscribers from January, 2000. The Company was listed and traded on KOSDAQ in November, 1999 in Korea.