Subex Ltd.

Subex has informed that the ESOP Committee of the board of directors of the company has, in accordance with the terms and conditions of the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, approved the cancellation of 39,297 ESOPs in accordance with the terms and conditions under the Employee Stock Option Plans of the Company ESOP 2005 and ESOP 2008 and grant of 12,300 ESOPs to its employees at a price of Rs. 12.00 per option under the Employee Stock Option Plan-2005 of the company.

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