Shareholder information

Share scams

The Directors of HiWave Technologies PLC have recently been made aware of several of our shareholders being approached by a “US Major Corporation”.

The shareholder is asked if he is willing to sell his shares at an inflated price, and told he needs to purchase an insurance bond prior to any transaction taking place.

The Directors believe this to be a share scam and would urge our shareholders to be cautious about parting with any money.

The attached link is to the FSA website where there is considerable information relating to share scams. There is also a facility where you can report the details of any communication you have had from these potential scammers.

http://www.fsa.gov.uk/Pages/consumerinformation/scamsandswindles/index.shtml

HiWave has reported this to the FSA but are not able to stop these scammers from contacting our shareholders.

FSA and ICSA warning to shareholders - boiler room scams

Financial Timetable

• Interim Management Statements (IMS) are issued between 10 weeks after the beginning of a six month period, and six weeks before the end of the six month period.
• Interim Report and Results must be issued within two months of the period end.
• Annual report and accounts must be reported within three months of the period end.

Timetable (subject to change)

Registrars

The Company’s Registrars are:
Capita Registrars
The Registry
34 Beckenham Road
Beckenham
Kent
BR3 4TU

As HiWave’s Registrar, Capita manages your shareholding and can help you with many things, from changing an address to buying and selling shares.

Capita Registrars have provided the following guidance for HiWave shareholders in relation to services available from them:

Your shareholding

Are you registered to use the share portal?  If so, the fastest way for you to get information about your shareholding - including the number of shares you hold and details of your dividend payments - is to log on to the Capita shareholder portal at www.capitashareportal.com

You can also change your address and your bank details on the portal.

If you have not already registered to use the shareholder portal, you will need to do so before you can access all of your information and make changes.  To register, go to www.capitashareportal.com and follow the online instructions.

Changing your address or bank details for dividend payments

We cannot accept instructions by email to change your address or your bank details. This is for security and anti-fraud reasons.

There are several ways that you can securely tell us about your changes.

1. 1 Go online and update your details on the Capita shareholder portal http://www.capitashareportal.com/
2. 2Telephone the shareholder helpline on 0871 664 0300
3. 3Send us a signed request to the address below, advising us of your full name, the name of the company you hold shares in and if you know it, your Investor Code ("IVC" - this can be found on your share certificate or dividend tax voucher). For a change of address you should also tell us your old address.
4. 4Send us a fax to 01484 601512

Change of name

If you have changed your name you need to send us a signed letter with the legal document which confirms this, such as a marriage certificate or decree absolute.

Transferring your shares

If you want to transfer your shares you will need to complete a stock transfer form, which we can arrange to send you if you call the shareholder helpline below.  Alternatively, this form can be downloaded from www.capitaregistrars.com/shareholders/information

Lost share certificate - Letter of Indemnity request

If you have lost your share certificate and need a replacement you will need to complete a letter of indemnity which will involve you completing a form which we can send to you.  There will normally be a charge for this service, based on the value of the shares.

To arrange this you can call the shareholder helpline below or you can confirm this in writing by sending us a letter or a fax.  If you call the shareholder helpline, in most cases you can pay the fee using a debit card.  For security reasons, we cannot accept a request for a letter of indemnity by email.

How to contact us

Capita Registrars
The Registry
34 Beckenham Road
Beckenham
Kent
BR3 4TU

Shareholder helpline - 0871 664 0300 (calls cost 10p per minute plus network extras)
Fax - 01484 601512

Questions and answers

• What is HiWave’s registered address?
  Regus House, 1010 Cambourne Business Park, Cambourne, Cambridge, CB23 6DP
• When and Where did HiWave list?
  HiWave listed in 1993 under its previous name of Verity plc. It is listed on the Main market of the London Stock Exchange.
• What is the stock / ticker symbol for HiWave?
  HIW
• When does HiWave report its financial results?
  In previous years the Financial Year end of the Group was 30 June. However the current financial period will be a 15 month period ending on 30 September 2011., and there-after the financial year end will be 30 September.
• When is the next HiWave Annual General Meeting?
  HiWave Technologies plc will be holding its next AGM on 18 January at 12pm at The Cambridge Belfry, Cambourne, Cambridgeshire.
• If I am unable to attend the AGM, can I appoint a proxy?
  Yes – proxy forms will be sent out with the Notice of Annual General Meeting.
• Whom do I contact regarding lost share certificates or address changes?
  Capita Registrars
• What is the Company’s ISIN?
  GB0004397567
• How many shares does HiWave have in issue?
  As at 1 April 2011 the Company had 426,818,261 shares in issue.
• How many more shares could HiWave issue?
  HiWave has authorised share capital of 731,805,048 shares of 1p each. The Company can issue 5% of the current shares in issue without shareholder approval. Any more would be subject to shareholder approval.

Annual General Meeting

HiWave Technologies plc will be holding its next AGM on 18 January at 12pm at The Cambridge Belfry, Cambourne, Cambridgeshire.

All shareholders are invited to attend the Company’s AGM and meet the Chairman and the Board of Directors. We welcome this opportunity to report on our performance and answer your questions.

A company must hold an AGM annually, and not more than 15 months may elapse between one AGM and the next. A Notice of AGM and a Proxy Form are typically sent out on the day the Annual Report and Accounts are published, at least 21 days before the AGM (by e-mail for e-communicating shareholders).

Details of how to vote at the AGM, either in person or via proxy will be issued nearer the date of the next AGM.

Corporate Governance

The Board at HiWave supports the provision of the Combined Code Principles of Good Governance and Code of Best Practice which is appended to the Listing Rules of the Financial Services Authority (the ‘Code”). The Board is accountable to shareholders for good governance.

The Report of the Directors to shareholders on compliance with the Code is contained within the Annual Report and Accounts

HiWave has three Board committees. The duties of the committees are set out in formal terms of reference below:

1. 1Remuneration Committee
2. 2Nominations Committee
3. 3Audit Committee

Obligations to report under the Disclosure Rules and the Transparency Rules are set out in the FSA Listing rules. fsahandbook.info/FSA/html/handbook/DTR

Frequent Regulatory announcements are made for the following reasons:

1. ADirector or Person Discharging Managerial Responsibility – any share purchase or disposal needs to be announced by the Company as soon as it is notified. The person involved has 3 days to notify the Company.
2. BNotifications of acquisitions or disposals of Major Shareholdings. The Company has to announce the crossing of certain thresholds upon notification by the Major Shareholder (via a TR1 form).
3. CTotal Voting Rights – if there is any change to the number of shares in issue during the month, then a Total Voting Rights notification has to be released on the last day of the month.