Wavecom's Latest WISMO Pac Modules Selected by Wonu Telecom of South Korea

Issy-les-Moulineaux, France and Seoul, Korea 6 August 2002 - Wavecom SA (Nasdaq: WVCM; Nouveau March 7306), the world's number one provider of complete wireless solutions, today announced the signing of a contract with Wonu Telecom Co., Ltd., a major South Korean manufacturer of mobile phones.

Under the terms of the contract, Wavecom is to supply WISMO Pac P3200 series modules and support their integration into Wonu's new WGM-1891 and another GPRS mobile phones. The phones are scheduled to be launched in China in the fourth quarter of 2002, and later in South East Asia, Australia and Middle East respectively, and will both be sold under third party brand names. The clamshell-shaped phones will feature GPRS up to Class 10 and 64K colour screens. The contract calls for an initial order of 200,000 WISMO Pac modules.

WISMO Pac measures 45 mm x 32.5 mm x 5 mm and weighs only 11 grams, making it the most compact GSM/GPRS solution available anywhere. A patented Column Grid Array (CGA) design provides both shielding and connectivity, enabling WISMO Pac to be automatically positioned and soldered onto a circuit board like any regular IC. WISMO Pac is therefore particularly suited to high-volume production runs.

In addition to providing full GSM/GPRS voice and data communications functionality, the WISMO Pac P3200 series also offers mobile phone and PDA manufacturers the ability to develop tailored colour LCDs.

Commenting on the contract, Song Mee Hee, managing director of Wavecom Korea Co., Ltd, said: We are very pleased that Wonu has selected our P3200 series modules, the latest addition to our WISMO Pac range, and look forward to a long term relationship with this exciting company.

The president of Wonu, Park Jongjin, said: Wonu spends a great deal of effort developing wireless products that improve people's lives. Our relationship with the world's foremost supplier of wireless technology will allow us to speed up this process and offer better products.

About Wonu Telecom Co., Ltd
Founded in July 2000, Wonu Telecom is dedicated to developing and changing customer's lives through wireless technology products. Wonu Telecom is well equipped and prepared to conquer the sea of information & communication with boundless dream and challenging spirit.

Wonu's branded products include mobile phones (CDMA and GSM), bluetooth headsets, ADSL modems and pagers, which are available in the United States, Canada, Singapore and China. Other products sold through third party brand names are available in East Asia, Australia and the Middle East.
www.wonutel.com

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 322.7 million euros in 2001 and 108.6 million euros in the three months ended March 31,2002. Wavecom is publicly traded on Euronext Paris (Nouveau March in France and on the NASDAQ National Market exchange in the U.S.
www.wavecom.com

For further information please contact:

Asia              
Anissa Wong/Ann Hung    
Ruder Finn Asia Limited    
Tel. +852 2521 0800    
Fax +852 2521 7088    
wonga@ruderfinn.com.hk
hunga@ruderfinn.com.hk

UK
Ken Saunders/Kate Gordon
Ruder Finn UK
Tel. +44 (0)20 7462 8900
Fax +44 (0)20 7462 8999
ksaunders@ruderfinn.co.uk
kgordon@ruderfinn.co.uk                    

   
USA (general)       
John Cihomsky/        
Erica Cadondon        
matthews/mark         
Tel. +1 (619) 238-8500
Fax +1 (619) 238-8505
johnc@matthewsmark.com
erica@matthewsmark.com      

USA (financial)
Victoria Hofstad
Citigate Dewe Rogerson
Tel. +1 (212) 688-6840
Fax + 1 (212) 838-3393
victoria.hofstad@citigatedr-ny.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.