Change of Company Secretary

December 31, 2010

The London Stock Exchange

10 Paternoster SquareLondonEC4M 7LS

Dear Sir/Madam,

Sub: Change of Company Secretary

Please be informed that the Board of Directors of the Company has today approved the following:

·; Resignation of Mr. Raj Kumar as the Company Secretary of the Company effective end of day December 31, 2010.

·; Appointment of Mr. Ramanathan J as the Company Secretary and Compliance Officer of the Company with effect from January 1, 2011.

We request you to take the aforesaid information on record.

Thanking you

Yours truly,

For Subex Limited

Subash Menon

Founder Chairman, Managing Director & CEO