Wavecom included in the FTSE eTX 50 index

Issy-les-Moulineaux, France-May 29, 2002

Wavecom SA (Nasdaq: WVCM; Nouveau Marche: 7306), a leading developer of digital wireless standard modules (WISMO), has been selected by the FTSE group to be included in the FTSE eTX 50 index, the only pan-European technology index which gathers the 50 largest technology mid & small caps. Wavecom has been removed from the FTSE eTX All share benchmark index to be introduced to a tradable index. The admission in this new index took effect on 20 May 2002.

Commenting on the news, Wavecom Chairman Michel Alard said: "We're delighted with the entry of Wavecom in this index which is dedicated to the 50 largest pan-european technological companies. This admission is a very positive factor that reflects our strength among European tech stocks.”

Wavecom is a constituent security of the IT.CAC 50, Next 150, SRD, SBF 120 and FTSE eTX 50 indexes.

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