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Tue 31 May 2005, 16:04 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)                                            
(`INFOWAVE` OR `THE COMPANY`)                                                   
SHARE CODE: IFW   ISIN NUMBER: ZAE000016440                                     
DIRECTORS` DEALINGS IN SECURITIES                                               
In compliance with the requirements of rule 3.63 of the JSE Securities Exchange 
SA (`JSE`) Listings Requirements, the following directors` dealings should be   
noted:                                                                          
Director                      B Carrilho                                        
Nature of Transaction         Retention shares issued as detailed in the 2005   
                              annual report and approved by shareholders        
                              on 31 May 2005                                    
Shares received               300 000                                           
Price                         33 cents per share                                
Value                         R99 000                                           
Date                          1 June 2005                                       
Class of shares               Ordinary                                          
Interest                      Direct Beneficial                                 
Director                      C Jessop                                          
Nature of Transaction         Retention shares issued as detailed in the 2005   
                              annual report and approved by shareholders on 31  
May 2005                                          
Shares received               300 000                                           
Price                         33 cents per share                                
Value                         R99 000                                           
Date                          1 June 2005                                       
Class of shares               Ordinary                                          
Interest                      Direct Beneficial                                 
Clearance to deal was obtained in accordance with Section 3.66 of the Listings  
Requirements of the JSE.                                                        
Durban                                                                          
31 May 2005                                                                     
SPONSOR                                                                         
SASFIN CORPORATE FINANCE                                                        
A DIVISION OF SASFIN BANK LIMITED                                               
Date: 31/05/2005 04:00:03 PM                
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