Subex Ltd — Share Issue/Capital Change 2021

May 25, 2021

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May 52 , 2021

To The National Stock Exchange of India Limited Th eBSE Limited Mumbai, India

Dear Sir/Madam,

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

Please note that pursuant to the provisions of the Employee Stock Option Plan of the Company-ESOP 2018 and the applicable provisions of the SEBI (Share Based Employee Benefits), Regulations 2014, the option grantees have exercised 95,000 options at an exercise price of Rs. 6/- each, equivalent to 95,000 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 grantees in due course.

We request you to take the aforesaid notification on record.

Thanking you

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