DragonWave Inc.

DragonWave Inc.

October 26, 2007 11:33 ET

DragonWave Inc-Holding(s) in Company

RNS only

OTTAWA, ONTARIO--(Marketwire - Oct. 26, 2007) - DragonWave Inc. ("DragonWave") (TSX:DWI)(AIM:DWI) a leading global supplier of next-generation wireless networks, today announced that it has been notified of the following sales of common shares in the Company by Significant Shareholders at a price of $6.25 (C$):

Shares Sold Remaining
Holdings %
Enterprise Partners V, L.P. 163,368 2,654,242 9.3
Enterprise Partners VI, L.P. 163,368 2,654,242 9.3
Wesley Clover Corporation 87,848 590,763 2.1

As of October 26, 2007, the company had 28,439,264 ordinary shares in issue.


Wesley Clover Corporation and Wesley Clover International Corporation are related parties of a company Director.

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