Subex Ltd.

Subex has informed that the ESOP committee of the board of directors of the company has granted 3,400 ESOPs to its employees at a price of Rs 24.99 per option in accordance with the terms and conditions, including vesting period and exercise period, under the Employee Stock Option Plan-2005 of the Company and Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) guidelines, 1999.

The above information is part of the company’s filing submitted to the BSE.