DragonWave's Wireless Ethernet Solutions Now Approved for Distribution in Russia

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: DRAGONWAVE INC.

AIM, TSX SYMBOL: DWI

January 15, 2008

OTTAWA, CANADA--(Marketwire - Jan. 15, 2008) - DragonWave Inc. ("DragonWave") (TSX:DWI)(AIM:DWI) a
leading global supplier of next-generation wireless networks, today announced its AirPair Wireless
Ethernet radio product has been approved by Russia's Ministry of Communications for use throughout
Russia.

Cedicom of Russia, a leader in the telecommunication market in Russia and the CIS countries will offer
DragonWave's AirPair Wireless Ethernet solutions of point-to-point microwave radios designed for IP
and carrier networks. The approval of DragonWave's AirPair product will strengthen Cedicom's portfolio
and allow DragonWave to significantly extend its market reach in the Russian market. AirPair products
help service providers, enterprises and governments rapidly introduce reliable, broadband access
networks where fiber-optic or copper-line connectivity is either unavailable or impracticable.

"Russia is seen by many industry experts as a significant growth market for Broadband wireless," said
Peter Allen, President and CEO of DragonWave. "Global expansion has been a central element of this
company's business plan, so with a strong distribution channel in place and the next-generation
AirPair radio now approved for deployment, DragonWave is committed to expanding its presence in this
market."

"The combination of scalability, ultra-low latency and the ease and speed with which it can be
deployed make AirPair ideal for the rapidly expanding Russian market," commented Sergey Portnoy,
Cedicom Chairman. "We foresee great interest from service providers across Russia as they scale to
meet growing customer demand."

DragonWave's Horizon and AirPair products operate within both licensed and unlicensed radio
frequencies in the 11-to-38-GHz range, ensuring interference-free performance for customers' traffic.
DragonWave product solutions provide scalable, ultra-low latency, wire-speed native Ethernet
connectivity up to 800 Mbps full duplex. The systems are extremely easy to deploy and manage, with a
full suite of network management options. DragonWave has indoor and outdoor deployment options, and is
a highly reliable platform enabling 99.999% service availability.

About DragonWave

DragonWave(TM) is a leading provider of high-capacity wireless Ethernet equipment used in emerging IP
networks. DragonWave designs, develops, and markets carrier-grade microwave radio frequency networking
equipment that wirelessly transmit broadband voice, video and other data. DragonWave's wireless
Ethernet products, which are based on a native Ethernet platform, function as a wireless extension to
an existing fibre-optic core telecommunications network. The principal application for DragonWave's
products is the backhaul function in a wireless communications network. Additional applications for
DragonWave's products include point-to-point transport in private networks, including municipal and
enterprise networks. DragonWave's corporate headquarters is located in Ottawa, Ontario, with sales
locations in Europe, Middle East and North America. The company's Web site is
http://www.dragonwaveinc.com.

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FOR FURTHER INFORMATION PLEASE CONTACT:

DragonWave Inc.
Nadine Kittle
Marketing Communications
613-599-9991 ext 2262
nkittle@dragonwaveinc.com

Canaccord Adams Limited
Chris Bowman / Andrew Chubb
44 20 7050 6500

Interprose Public Relations
(for DragonWave)
Cathy Palmen
408-268-8112
cathy.palmen@interprosepr.com

Weber Shandwick Financial
(for DragonWave)
John Moriarty
Tel: 020 7067 0736
Mob: 07971 402224
jmoriarty@webershandwick.com

SUBJECT: PDT

DragonWave Inc.

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