Subex Ltd — Share Issue/Capital Change 2021

Apr 7, 2021

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April 07, 2021

To The National Stock Exchange of India Limited The BSE Limited Mumbai, India

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) Regulations, 2014, the option grantee has exercised 1,00,000 options at an exercise price of Rs. 6/- each, equivalent to 1,00,000 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.

We request you to take the aforesaid notification on record.

Thanking you

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