SUBX.L Regulatory News (SUBX)

June 05, 2017

To

The London Stock Exchange

10 Paternoster Square

London

EC4M 7LS

Dear Sirs,

Sub: Outcome of the Board Meeting held on June 05, 2017

Please be informed that the agenda items stated hereunder were discussed and approved at the Board Meeting held on May 25, 2017 at Mumbai

1. Change in Key Managerial Personnel

i. Resignation of Mr. Ganesh K V, Chief Financial Officer, Global Head - Legal & Company Secretary

Mr. Ganesh K V, Chief Financial Officer, Global Head - Legal & Company Secretary has resigned from the Company with effect from 15th June 2017.

ii. Appointment of Ms. Mehernaz Dalal as Chief Financial Officer

Ms. Mehernaz Dalal, Head Corporate Finance is appointed as the Chief Financial Officer of the Company with effect from 15th June 2017.

Brief Profile of Ms. Mehernaz Dalal

Ms. Mehernaz Dalal is a qualified Chartered Accountant from the Institute of Chartered Accountants of India. She has headed the corporate finance function of Subex Limited along with various other managerial duties for around 5 years. Previously she has worked with Patni Computer Systems (IGATE). She has around 15 years experience in finance and managerial function areas.

We request you to take the aforesaid notification on record.

Yours faithfully

For and on behalf of Subex Limited

Ganesh K V

Chief Financial Officer, Global Head -Legal and Company Secretary