POWERWAVE MAILS NOTICE AND PROXY STATEMENT FOR ANNUAL MEETING OF SHAREHOLDERS
SANTA ANA, CA – October 3, 2005 - Powerwave Technologies, Inc. (NASDAQ:PWAV) today announced that it has commenced mailing to shareholders a Notice of Annual Meeting and Proxy Statement in connection with its November 10, 2005 Annual Meeting of Shareholders. The agenda items for the Annual Meeting of Shareholders include the election of nine directors; the ratification of the appointment of Deloitte & Touche as independent auditors for fiscal 2005; the approval the 2005 Stock Incentive Plan which authorizes the issuance of a variety of equity awards, including non-qualified stock options, restricted stock grants, stock appreciation rights and restricted stock units; and the approval of an amendment to the 1996 Director Stock Option Plan to extend the term of the plan for ten years. A copy of the Notice and Proxy Statement is available on Powerwave’s website at www.powerwave.com.