Underwriters Exercise Option to Purchase an Additional $1.8 Million

CALGARY, Canada - October 29, 2003 - Wi-LAN Inc. (TSX:WIN), a global provider of broadband wireless communications products and technologies, announced the closing today of a public offering of 3.33 million units at a price of $4.15 per unit, including 435,000 units issued pursuant to the exercise of the underwriters’ overallotment option, for aggregate gross proceeds of $13.8 million. The underwriters of the offering were Orion Securities Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. The net proceeds of the offering are intended to provide additional working capital to support sales growth, for general corporate purposes and to finance potential future acquisition opportunities.

Each unit consists of one common share and one-half of one common share purchase warrant. Each full warrant will entitle the holder to acquire one Wi-LAN common share at an exercise price of $5.25 at any time on or before April 29, 2005.

About Wi-LAN Inc.

Wi-LAN is a global provider of broadband wireless communications products and technologies, offering businesses, including telecom service providers, and government enterprises effective, economic and secure wireless solutions for provision of high-speed communications. Wi-LAN specializes in high-speed Internet access, data network extension, and wireless data and telephony backhaul, utilizing its high quality products and industry-leading technologies. Wi-LAN believes its W-OFDM patents are necessary for the implementation of devices using the IEEE standards 802.16 WirelessMAN*, 802.11a or 802.11g, the ETSI BRAN HiperLAN/2* Standard or the current draft of the proposed ETSI BRAN HiperMAN* Standard. Wi-LAN licenses its W-OFDM technology and has executed non-exclusive W-OFDM license agreements with semiconductor companies. Wi-LAN is the Chair Company of the OFDM Forum (www.ofdm-forum.com) and an active member of the WiMAX Forum (www.wimaxforum.org). Wi-LAN's common shares trade on The Toronto Stock Exchange under the symbol "WIN." Detailed information on Wi-LAN can be found at www.wi-lan.com.

Forward Looking Information

Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. These may include, without limitation, statements based on current expectations involving a number of risks and uncertainties related to all aspects of the wireless data communications industry. These risks and uncertainties include, but are not restricted to, continued increased demand for the Company's products, the Company's ability to maintain its technological leadership in the field of high-speed data communications, the Company's ability to attract and maintain key employees, the enforceability of the Company's patents, and the availability of key components.
These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
* All trademarks and brands mentioned in this release are the property of their respective owners.

For more information please contact:

Wi-LAN Inc.
Corporate Communications and Investor Relations
Ken Wetherell
Ph: (403) 207-6329
E-mail: kwetherell@wi-lan.com

CompTek International
Tatiana Loginova
Ph: +7 (095) 785-2525
Fax: +7 (095) 785-2526
E-mail: tz@comptek.ru

DIAMOND Communications
Svetlana Boldareva
Ph: +7 (095) 956-6676
Fax: +7 (095) 369-7415
E-mail: s_boldareva@diamond.ru

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