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Mon 8 Nov 2004, 14:19 Directors" Dealings In Securities
Infowave Holdings Limited - Directors` Dealings In Securities                   
INFOWAVE HOLDINGS LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/017276/06)                                            
Share Code: IFW             ISIN Number: ZAE000016440                           
(`InfoWave`)                                                                    
DIRECTORS` DEALINGS IN SECURITIES                                               
In compliance with paragraph 3.63 to 3.74 of the Listings Requirements of the   
JSE Securities Exchange South Africa (`JSE Listings Requirements`), we hereby   
advise the following dealings in InfoWave securities:                           
Director                                     :    C von Pannier                 
Name of company of which she is a director   :    InfoWave                      
Date of transaction                          :    5 November 2004               
Number of shares                             :    65 664                        
Class                                        :    Ordinary shares               
Exercise Price                               :    3.6 cents                     
Total amount                                 :    R 2 364                       
Nature                                       :    Exercise of share options     
Extent of interest                           :    Direct beneficial             
Clearance to deal was obtained in accordance with section 3.66 of the JSE       
Listings Requirements                                                           
Company secretary                            :    N Swinford-Meyer              
Name of company of which she                                                    
is company secretary                        :    InfoWave                      
Date of transaction                          :    5 November 2004               
Number of shares                             :    44 372                        
Class                                        :    Ordinary shares               
Exercise Price                               :    3.6 cents                     
Total amount                                 :    R 1 597                       
Nature                                       :    Exercise of share options     
Extent of interest                           :    Direct beneficial             
Clearance to deal was obtained in accordance with section 3.66 of the           
JSE Listings Requirements                                                       
Durban                                                                          
8 November 2004
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