Outcome of Board decisions

October 8, 2010

The London Stock Exchange

10 Paternoster Square London EC4M 7LS

Dear Sir/Madam,

Sub: Outcome of decisions taken by Board of Directors

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

·; due to delays in certain parts of the process related to the business to be transacted at the Extraordinary General Meeting (EGM) of the members of the Company to be held on Friday, October 15, 2010 at the registered office of the Company, the said EGM stands cancelled and consequently the business that was to be transacted thereat is infructuous.

We request you to take the aforesaid intimation on record.

Thanking you

Yours truly,

For Subex Limited

Raj Kumar

Vice President-Legal & Company Secretary