Wavecom Selected by Everkom

Issy-les-Moulineaux, France and Seoul, South Korea ¡V 30 July 2002 ¡V Wavecom SA (Nasdaq: WVCM; Nouveau Marchˆm: 7306), the world¡¦s number one provider of complete wireless solutions, today announced the signing of a contract with Everkom Industrial Co., Ltd., one of South Korea's dynamic mobile phone manufacturers.

Under the contract, Wavecom will supply WISMO Quik Q2403B modules for Everkom¡¦s new MGD-100 GSM/GPRS mobile phone and provide all necessary integration support. The contract calls for an initial order of 200,000 units.

The dual-band MGD-100 is scheduled to be launched in China in the third quarter of 2002, and later in Europe and South America, and will be sold under third party brand names. Key features of the MGD-100 include GPRS, WAP, games, 16-chord polyphonic ring tones, Personal Information Manager and infrared data transmission.

Welcoming the establishment of the relationship with Everkom, Song Mee Hee, managing director of Wavecom Korea Co., Ltd., said: ¡§This contract represents another important step for Wavecom in Korea, which is one of the most exciting markets for wireless products today. We look forward to working with Everkom on this project and helping them to develop great new products in the future.¡¨

The managing director of Everkom, Yi Wonwoo, added: ¡§Time-to-market is crucial if we are to compete successfully in today¡¦s high-tech markets. Wavecom provides us with stable, reliable and field proven state-of-the-art technology and full customer support. Our sales channels in China, Europe and the USA report excellent response to our planned telephones from potential buyers, and we are confident that this is the start of a long and mutually beneficial partnership with Wavecom.¡¨

About Wavecom
A world pioneer in innovative wireless solutions, Wavecom was the first company to commercialize GSM technology in the form of a standard module, the WISMO, making wireless technology available to everyone. WISMO modules are compact devices that include all of the hardware, software and other technology needed to enable wireless communications over the GSM/GPRS, CDMA and future 3G networks.

WISMO modules enable any equipment or system to communicate without a fixed line connection. Applications include mobile telephones, automotive navigation and information systems, personal digital assistants with wireless communications functions, and devices enabling communication between vending machines or utility meters and control centers.

Founded in 1993 and headquartered near Paris in Issy-les-Moulineaux, Wavecom has subsidiaries in Hong Kong (PRC), Seoul (South Korea) and San Diego (USA). Company revenues totaled á322.7 million in 2001 and á244.6 million in the six months ended June 30, 2002. Wavecom is publicly traded on Euronext Paris (Nouveau Marchˆm) in France and on the NASDAQ National Market exchange in the U.S.
www.wavecom.com

About Everkom Industrial Co., Ltd:
Established in March 1999, Everkom Industrial Co., Ltd. develops a wide range of advanced products from digital video recorders to mobile phones.

Everkom believes that it is vital to provide groundwork to leapfrog into a leading IT company by securing high-tech development capabilities, achieving customer satisfaction by securing product reliability and creating a strong and flexible organization. For more information on Everkom, please visit http://www.everkom.co.kr

For further information please contact:

Asia                     UK               
Anissa Wong/Ann Hung            Ken Saunders/Kate Gordon      
Ruder Finn Asia Limited            Ruder Finn UK         
Tel. +852 2521 0800               Tel. +44 (0)20 7462 8900      
Fax +852 2521 7088               Fax +44 (0)20 7462 8999
wonga@ruderfinn.com.hk             ksaunders@ruderfinn.co.uk
hunga@ruderfinn.com.hk            kgordon@ruderfinn.co.uk

USA (general)               USA (financial)
John Cihomsky/Erica Cadondon          Victoria Hofstad
matthews/mark               Citigate Dewe Rogerson
Tel. +1 (619) 238-8500               Tel. +1 (212) 688-6840
Fax +1 (619) 238-8505                Fax + 1 (212) 838-3393
johnc@matthewsmark.com             victoria.hofstad@citigatedr-ny.com
erica@matthewsmark.com      

This press release may contain forward-looking statements that relate to the Company's plans, objectives, estimates and goals. Words such as "expects," "anticipates," "intends," "plans," "believes" and "estimates," and variations of such words and similar expressions identify such forward-looking statements. The Company's business is subject to numerous risks and uncertainties, including probable variability in the Company's quarterly operating results, manufacturing capacity constraints, dependence on a limited number of customers, variability in production yields, dependence on third parties, currency rate changes and risks associated with managing growth. These and other risks and uncertainties, which are described in more detail in the Company's most recent filings with the Securities and Exchange Commission, could cause the Company's actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.