Subex Ltd.

Subex has informed that the ESOP Committee of the board of directors of the company has granted 16,400 ESOPs to its employees at a price of Rs. 12.10 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 a part of company’s filings submitted to BSE.