Subex Ltd.

Subex has informed that the Company has allotted 94,86,146 equity shares pursuant to the conversion of $ 2,200,000 out of the Company’s $ 47.43 million bonds that are outstanding under the $ 127,721,000 5.70 per cent secured convertible bonds due 2017 on November 18, 2015. Post the conversion, FCCBs aggregating to $ 45.23 million are outstanding under the said Bonds. Subject to the listing & trading approval of the NSE and BSE the paid up share capital of the Company has increased from Rs 3,17,91,80,440 to Rs 3,27,40,41,900.

The above information is a part of company’s filings submitted to BSE.