Subex Ltd.

Subex has informed that the Company has allotted 1,940,348 equity shares pursuant to the conversion of $450,000 out of the Company’s $4.55 million bonds that are outstanding under the $127,721,000, 5.70% secured convertible bonds due 2017 on April 20, 2016. Post the conversion, FCCBs aggregating to $4.10 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 5,028,116,460 to Rs 5,047,519,940.

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