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Fri 12 Dec 2003, 15:08 DEALING IN SECURITIES BY DIRECTOR
INFOWAVE HOLDINGS LIMITED - DEALING IN SECURITIES BY DIRECTOR                   
  INFOWAVE HOLDINGS LIMITED                                                       
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1998/017276/06)                                            
  Share code: IFW               ISIN Code: ZAE000016440                           
  ("InfoWave")                                                                    
  In terms of the Listing Requirements of the JSE Securities Exchange South       
  Africa, InfoWave Holdings Limited hereby discloses the following director"s     
  dealings:                                                                       
  T Dunsdon                                                                       
  Shares purchased         6 200                                                  
  Price                    27 cents per share                                     
  Date                     12 December 2003                                       
  Class of shares          Ordinary                                               
  Interest                 Direct Beneficial                                      
  Nature                   Shares purchased                                       
  12 December 2003                                                                
  Date: 12/12/2003 03:07:02 PM Produced by the JSE SENS Department                
                                                                                  
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