Outcome of EGM

February 9, 2011

To

The London Stock Exchange

10 Paternoster SquareLondonEC4M 7LS

Dear Sir,

Sub: Outcome of Extraordinary General Meeting

Please be informed that an Extraordinary General Meeting (EGM) of the Company was held on February 9, 2011 at the Registered Office of the Company at Adarsh Tech Park, Outer Ring Road, Devarabisanahalli, Bangalore - 560 037 at 3 PM. At the EGM, the shareholders unanimously adopted the following resolution:

·; the preferential issue of upto 5 million equity shares of the Company to M/s KBC Aldini Capital Mauritius Limited, for a price of Rs. 81/- per equity share, in accordance with Chapter VII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009

We request you to take the aforesaid intimation on record.

For Subex Limited

Ramanathan J

Vice President-Finance & Company Secretary