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INFOWAVE HOLDINGS LIMITED                                                       
Share Code       IFW                                                            
ISIN Code        ZAE000016440     0A52B5EDBC0BB2ABBC44E3BC1C2F4622              
DECLARATION OF DIRECTORS` DEALINGS                                              
In terms of the JSE Securities Exchange South Africa`s Listing Requirements,    
InfoWave Holdings Limited ("Infowave")wishes to disclose the following          
director`s dealings:                                                            
Director                           T Dunsdon                                    
Number of Shares Acquired          6 090                                        
Price                              22 cents                                     
Date                               Close of business 25.02.2003                 
Class of shares                    Ordinary                                     
Interest                           Direct beneficial                            
Shares purchased from an InfoWave shareholder independent of any shareholders`  
agreement or personal arrangement                                               
Date: 27/02/2003 08:40:00 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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