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Wed 2 Feb 2005, 17:08 DIRECTOR"S DEALINGS IN SECURITIES
INFOWAVE HOLDINGS LIMITED - DIRECTOR`S DEALINGS IN SECURITIES                   
INFOWAVE HOLDINGS LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/017276/06)                                            
Share Code: IFW   ISIN Number: ZAE000016440                                     
DIRECTOR`S DEALINGS IN SECURITIES                                               
In compliance with the requirements of rule 3.63 of the JSE Listings            
Requirements, the following should be noted:                                    
Name of a Director  :    MCB Lionnet                                            
Date of Transaction :    31 January 2005                                        
No. of shares  :         154 000                                                
Class     :              Ordinary shares                                        
Price     :              39 cents                                               
Total amount   :         R60 060                                                
Nature    :              Sale of shares                                         
Extent of interest  :    Direct beneficial                                      
Clearance to deal was obtained in accordance with section 3.66 of the JSE       
Listings Requirements                                                           
Durban                                                                          
2 February 2005                                                                 
Sponsor                                                                         
SASFIN CORPORATE FINANCE                                                        
A DIVISION OF SASFIN BANK LIMITED
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