To: Guardian who wrote (1780 ) 5/4/2001 8:22:46 PM From: Chisy Respond to of 1848 NEWS: WaveRider To Webcast FY2000 Annual General Shareholder Meeting TORONTO--(BUSINESS WIRE)--May 4, 2001--WaveRider Communications Inc. (Nasdaq:WAVC), a leading global provider of fixed wireless Internet access products, today announced it will hold its FY2000 Annual General Meeting on Friday, May 11, 2001, at 3:00 p.m. The event will take place at the Four Seasons Hotel, Regency West Ballroom, 21 Avenue Road, Toronto, Ontario, and will be broadcast live over the Internet. The webcast will be hosted by D. Bruce Sinclair, President and Chief Executive Officer, WaveRider Communications Inc., with presentations by T. Scott Worthington, Chief Financial Officer, Charles Brown, Vice President Sales and Marketing, and Jim Chinnick, Vice President, Engineering. The event will be followed by a live question and answer period at the site, and additional questions pre-submitted through the website will be addressed as time permits. The event can be accessed via the WaveRider Communications Inc. website, www.waverider.com. This link will also enable viewers to access the event as an archive after it is completed. RealPlayer or Windows Media player is required. About WaveRider Communications Inc. WaveRider Communications, Inc. (www.waverider.com) is a leading wireless information technology company that develops, manufactures and markets products for data communications and Wireless Internet Networking (WIN). WaveRider's high performance products use frequency hopping and direct sequence spread spectrum technology coupled with time division duplexing techniques and operate in the license-free 900 MHz and 2.4 GHz ISM frequency bands. NCL Series Wireless Bridges and Routers provide the wireless connection between single or multiple computer networks. Integrated network management features ensure data is quickly forwarded to its intended destination based on network conditions. WaveRider's LMS (Last Mile Solution(R)) Product Family connects wireless modems that offer high-speed connections to the Internet for business and residential customers. WaveRider is traded on the NASDAQ National Market, under the symbol WAVC. This release contains forward-looking statements that involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the development of the Internet as a commercial medium, market acceptance risks, technological development risks, seasonality and other risk factors detailed in the Company's filings with the Securities and Exchange Commission. CONTACT: WaveRider Communications Inc. Carolyn Anderson, 416/502-2978 canderson@waverider.com or WaveRider Communications Inc. Hugo Idler, 416/502-3265 or 888/533-1910 hugoidler@waverider.com www.waverider.com KEYWORD: INTERNATIONAL CANADA BW0140 MAY 04,2001 9:25 PACIFIC 12:25 EASTERN