Subex Ltd — Share Issue/Capital Change 2021

Nov 9, 2021

==> picture [536 x 110] intentionally omitted <==

November 09, 2021

The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot no. C/l Dalal Street, Mumbai- 400 001 G Block, Bandra-Kurla Complex Fax: 022-2272 2037/2039/2041/3121 Bandra (E), Mumbai - 400 051 BSE Scrip Code: 532348 Fax: 022-2659 8237/38; 2659 8347/48 NSE Symbol: SUBEXLTD

Dear Sir/Madam,

Sub: Subex Limited “The Company”-Exercise of Employee Stock Options (ESOPs)

Company-ESOP 2018 and the applicable provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, the option grantee has exercised 40,000 options at an exercise price of Rs. 6/- each, equivalent to 40,000 Equity shares of face value of Rs. 5/- each, (“Equity shares”) of the Company.

Pursuant to the exercise, the Subex Employee Welfare and ESOP Benefit Trust will transfer the said Equity shares to the concerned option grantee in due course.

Kindly take the same on record.

Thanking you

==> picture [240 x 123] intentionally omitted <==

==> picture [595 x 70] intentionally omitted <==

`