Investors

On December 2, 2008, Sierra Wireless France announced its intention to acquire Wavecom in an all cash offer for all Wavecom securities totalling €218 million (€8.50 for shares and €31.93 for OCEANEs – convertible bonds). Following two tender offer periods, the transaction was completed with payment to Wavecom security holders having tendered their shares, ADSs and OCEANEs on April 15, 2009. 

Having achieved the (French stock market) obligatory level of minority shareholders owning not more than 5% of outstanding shares and voting rights, the AMF(autoriété des marches financiers) announced a squeeze out of the remaining shares and OCEANEs and subsequently the delisting of all Wavecom securities from the NYSE – Euronext Paris exchange occurred on April 29, 2009. A request was made by Sierra Wireless to delist the ADS (American Depositary Shares) with underlying Wavecom shares from the Nasdaq (US) exchange on May 4, 2009. The shares and OCEANEs of Wavecom are expected to be fully delisted from both exchanges sometime in mid-May, 2009. 

For those who know the Wavecom story and its leading position in the market for wireless machine-to-machine communications and would like to continue investing in this area, please follow the company’s progress via its new parent company: Sierra Wireless 
(www.sierrawireless.com) 


n SEC 6K Filing announcing Wavecom squeeze out and delisting.
n SEC Form 15 delisting request


Investor Relations contact: 

Sierra Wireless, Inc. 
David G. McLennan 
Chief Financial Officer 
(604) 231-1181 
Email: investor@sierrawireless.com