SUBEX

Subex Azure Limited has informed the Exchange that: "Subex Azure Limited had sponsored a secondary offering of Global Depository Receipts (GDRs) i.e. a Sponsored Secondary GDR Program pursuant to Notifications issued by the Government of India and the Reserve Bank of India (RBI). The Invitation to Offer dated February 16, 2006 was for a maximum size of 9,000,000 equity shares representing 9,000,000 Global Depository Receipts". The details on closing of Sponsored Secondary GDR program shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on

Subex Azure Limited has informed the Exchange that: "We had informed the shareholders that the communication regarding acceptance of equity shares of the Company ("Equity Shares") offered by each of them to be sold in the Sponsored GDR Offering pursuant to the Invitation to Offer dated February 16, 2007 sent to you in this regard ("Invitation to Offer") and deposited in the escrow account as per the terms of the Escrow Agreement dated February 16, 2007, would be sent by April 6, 2007, pursuant to the Underwriters retaining the option to offer the Sponsored GDRs within one month from March 1, 2

Subex Azure Limited has informed the Exchange regarding a press release, dated March 20, 2007, titled "Subex Azure launches Symphona(TM) V9.1 for Advanced Interparty Billing". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Subex_PR_20032007.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding a press release, dated March 14, 2007, titled "Subex Azure's FCCBs and GDRs admitted to trading on the London Stock Exchange". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/SubexAzure_PR_14032007.zip target=NEW> For more details click here.</a>

Subex Azure Limited has submitted to the Exchange a copy of a letter to be sent to the shareholders of the Company who have tendered their shares for participating in the Sponsored GDR issue. The details of the same shall be available on the NSE website (http://www.nseindia. com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/subex_gdr_130307.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding a press release, dated March 02, 2007, titled "Subex Azure Limited Places U.S.$ 180 Million Foreign Currency Convertible Bonds (FCCBs)". The copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/subex_PR_020307.zip target=NEW> For more details click here.</a>

Subex Azure Limited has submitted to the Exchange a copy of Minutes of the Extra Ordinary General Meeting of Subex Azure Limited held on 29-January-07. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/subex_egm_010307.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding a press release dated February 21, 2007, titled "Subex Azure Launches Moneta(TM) V2.4". The copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/subex_PR_210207.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange that "Pursuant to notifications issued by the Government of India and the Reserve Bank of India, Subex Azure Limited ("the company") is sponsoring a Global Depository Receipts ("GDRs") Offering of not more than 9,000,000 (nine million) equity shares against the block of shares to be divested by the equity shareholders. The company is providing all equity shareholders the opportunity to participate as a selling shareholder in the offering of GDRs on the terms and conditions contained in the invitation to offer. The company has on 17-February-07 disp

This announcement is only for distribution and circulation in India and not to be distributed in any other jurisdiction including in the United States. The schedule of activities in relation to the offer is as follows: (1) Offer opening date :- February 19, 2007. (2) Offer Closing date :- February 23, 2007 (3) Date by which communication regarding the acceptance of the sponsored equity shares would be dispatched :- March 12, 2007 (4) Date by which consideration would be received :- Not later than 30 days from the date of closing of the offering. (5) Last date until which the sponsored Equity s

Subex Azure Limited has informed the Exchange regarding a press release dated February 13, 2007, titled "Subex Azure Wins Revenue Assurance And Fraud Management Contract With Cellc". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/subex_press1_130207.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding a press release dated February 12, 2007, titled "Thirteen new Telecom Operators Choose Subex Azure for their Revenue Management Initiatives". The copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/subex1_press_120207.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding a press release dated February 05, 2007, titled "Subex Azure to Unveil World's First Revenue Operations Center at 3GSM World Congress". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Subex_PR_05022007.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange that "the members of the Company, at their Extra-ordinary General Meeting held on 29-January-07 have resolved, inter alia, the following. (1) Amendment of Memorandum of Association of the company by way of increase in authorised share capital from Rs. 40 Crores to Rs. 50 Crores. (2) Amendment of Articles of Association of the Company to alter the article on share capital. (3) Subject to the approval of other regulatory authorities, issue of Sponsored Global Depository Receipts/Shares upto a maximum of Nine Million equity shares. (4) Subject to the

Subex Azure Limited has informed the Exchange regarding a press release dated January 29,2007, titled "Subex Azure announces FY07 Q3 Results - Revenue increases by 118% and PAT climbs by 65%". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/subex_press_290107.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange that the Board of Directors, at their Meeting held on January 29,2007, has decided, inter alia, the following: 1) Declaration of interim dividend @ 15% on the paid-up Equity Share capital of the Company for the financial year 2006-07. 2) Fixation of record date for the purpose of interim dividend as February 14,2007.

Subex Azure Limited has informed the Exchange that "the Board of Directors, at their meeting held on 18-January-2007 decided, inter alia, the following: To acquire SYNDESIS LIMITED, a leading global provider of telecom OSS (Operation Support Software) solutions, based out of Toronto, Canada in an all cash deal valuing at US$ 164.5 million. A copy of press release in this regard titled "Subex Azure to Acquire Syndesis Limited" shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a

Subex Azure Limited has submitted to the Exchange a copy of the notice of EGM of the shareholders of the Company to be held on Monday, the 29th January 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/SubexAzure_EGM_10012007.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding a press release, dated January 10, 2007, titled "Subex Azure appoints Sudha Madhavan as CFO". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Subex_press_100107.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange that "the Allotment committee of the Board of Directors of Subex Azure Ltd considered and approved on 08-January-2007 the allotment of 43,102 Equity Shares pursuant to exercise of ESOPs by eligible Employees under the ESOP scheme 2000. Further, please be informed that consequent to the above allotment that paid up Equity Share capital of the company has gone up from 34,699,038 equity shares of Rs. 10/- each aggregating to Rs. 346,990,380/- to 34,742,140 equity shares of Rs. 10/- each aggregating to Rs. 347,421,400/-."

Subex Azure Limited has informed the Exchange regarding a press release dated January 08, 2007, titled "Subex Azure Announces New Brand Identity for its Integrated Suite of Revenue Maximization Solutions". The copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/subex_PR_080107.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange that: "The Board of Directors of Subex Azure Limited (�Company�), at a meeting held on 15th December 2006 has decided, inter alia, the following: 1) Subject to the approval of the Members of the Company (the �Members�) and other statutory and regulatory authorities, to raise funds through issue of Global Depositary Receipts/Shares/Foreign Currency Convertible Bonds (FCCBs) for an amount not exceeding US$ 200 Million (US Dollar Two Hundred Million) or its equivalent in Indian rupees; 2) Subject to the approval of the Members and other statutory and

Subex Azure Limited has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended September 30, 2006. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).<a href=/content/corporate/subex_LR_151206.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding a press release dated November 30,2006, titled "Subex Azure Opens New Office in Dubai". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Subex_PR_30112006.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding a press release dated November 23,2006, titled "Subex Azure wins Revenue Assurance and Fraud Management contract with Middle Eastern Mobile Operator". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Subex_PR_23112006.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding a press release dated November 21,2006, titled "Subex Azure's Subash Menon joins Board of Telemanagement Forum". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Subex_PR_21112006.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding a press release dated November 16, 2006, titled "Subex Azure wins Industry Recognition with Strong Leadership and Growth". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/SubexAzure_PR_15112006.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding press releases, both dated November 14, 2006, titled "Subex Azure Launches Risk Management Solution" and "Subex Azure Unveils Integrated Platform for Revenue Operations Center". The details of the press releases shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Subex_PR_14112006.zip target=NEW> For more details click here.</a>

Subex Azure Limited has submitted to the Exchange a copy of the proceedings of the AGM held on August 28, 2006. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).<a href=/content/corporate/Subex_AGM_10112006.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding a press release dated November 02, 2006, titled "Subex Azure Wins Fraud Management Deal with Operator in South-East Asia". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Subex_PR_02112006.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding a press note dated October 30, 2006, titled "Subex Azure to Sponsor a GDR / GDS issue of Upto Nine Million Shares". The details of the press note shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Subex_301006.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange that the BoDs at their meeting held on October 28, 2006 has decided, inter alia, the following : (1) Subject to the approval of the High Court of Karnataka and other statutory and regulatory authorities, the merger of Subex Azure (UK) Limited, the wholly owned subsidiary of the Company with Subex Azure Ltd (Parent Company) (2) Subject to the approval of the members and other statutory and regulatory authorities, proceed with a Sponsored GDR/GDS issue upto a maximum of 9 Million equity shares. The company has further informed the Exchange regarding

Subex Azure Limited has informed the Exchange regarding a press release dated October 19,2006, titled "African Telcos losing $25.7 Billion". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Subex_191006.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding a press release dated October 17,2006, titled "Subex Azure delivers Fraud Management and Revenue Assurance to MTC Namibia". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Subex_171006.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange that the Allotment Committee of the Board of Directors of the company considered and approved on October 11,2006 the allotment of 58,248 Equity Shares pursuant to exercise of ESOPs by eligible Employees under the ESOP scheme 2000. The company has further informed the Exchange that consequent to the above allotment the paid up Equity Share capital of the company has gone up from 34,640,790 equity shares of Rs.10/- each aggregating to Rs. 346,407,900/- to 34,699,038 equity shares of Rs.10/- each aggregating to Rs. 346,990,380/-.

Subex Azure Limited has informed the Exchange regarding a press release, titled "Safaricom Selects Subex Azure for Fraud Management". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Subex_111006.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding two press releases titled "Subex Azure wins Interconnect Deal with Omantel" & "Subex Azure partners with Hitachisoft to deliver Revenue Assurance Solution to Japanese Operators". The details of the two press releases shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Subex_051006.zip target=NEW> For more details click here.</a>

Subex Azure Limited has informed the Exchange regarding a press release dated September 15,2006, titled "Subex Azure defines the Revenue Operations Center at Risk Management & Internal Audit in Telecoms 2006". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Subex Azure Limited has informed the Exchange regarding a press release, dated September 13 2006, titled "Subex Azure's Saul Nurtman Appointed as Revenue Assurance Chairperson at GBA". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Subex Azure Limited has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Subex Azure Limited has informed the Exchange regarding a press release dated September 07,2006, titled "Telecoms Operator losses on the increase". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Subex Azure Limited has informed the Exchange that the Annual General Meeting of the Company was held on August 28, 2006, the shareholders have unanimously adopted the following resolutions:- (i) Declaration of final Dividend to the equity shareholders of the company @ 10%. (ii) Re-appointment of Mr. Sudeesh Yezhuvath as a Director of the Company. (iii) Re-appointment of Mr. P. P. Prabhu as a Director of the Company. (iv) Re-appointment of M/s. Deloitte Haskins & Sells as Statutory Auditors of the Company for the financial year 2006-07. (v) Authorisation to the Board of Directors to appoint au

Subex Azure Limited has informed the Exchange that Prudential ICICI Mutual Fund has not acquired or sold any of his/her shareholdings. The said reduction in the percentage holding is on account of change in share capital of the company and not on account of any fresh acquisitions / sale transactions by Prudential ICICI Mutual Fund in the Company. Prudential ICICI Mutual Fund continues to hold 14,69,833 shares in the company. The percentage of the shareholding has fallen from 7.37% to 4.25%.

Subex Azure Limited has informed the Exchange that the Board of Directors, at their Meeting held on July 27,2006, has decided, inter alia, the following: 1) Induction of Mr. Andrew Garman as a member of the Audit Committee. 2) Induction of Mr. Harry Berry as a member of the Remuneration Committee. Further, the company has informed the Exchange regarding a press release dated July 27,2006, titled "Subex Azure Integration on Track". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server

Subex Azure Limited has informed the Exchange that the Allotment Committee of the Board of Directors of the company considered and approved on July 07,2006 the allotment of 17,674 Equity Shares pursuant to exercise of ESOPs by eligible Employees under the ESOP scheme 2000. The company has further informed the Exchange that consequent to the above allotment the paid up Equity Share capital of the company has gone up from 34,623,116 equity shares of Rs.10/- each aggregating to Rs. 346,231,160/- to 34,640,790 equity shares of Rs.10/- each aggregating to Rs. 346,407,900/-.

Subex Systems Limited has submitted to the Exchange a copy of proceedings of the EGM of the company held on May 29,2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Subex Systems Limited has informed the Exchange that NV Partners III - BT LP has acquired 57,28,890* shares aggregating to 16.55% of the total paid up capital of Subex Systems Limited on June 23, 2006. The mode of acquisition is through Issue of GDR's (Preferential Allotment) and the total holding of NV Partners III - BT LP after the said acquisition is 57,28,890 shares aggregating 16.55% of total paid up capital of Subex Systems Limited. *It may be noted that the above relates only to GDRs, which have not been converted into shares. Accordingly, the actual shareholding of NV Partners III - BT

Kochhar & Co. has informed the Exchange that NV Partners III - BT LP has acquired 5728890* GDRs aggregating to 16.55% of the total paid up capital of Subex Systems Limited on June 23, 2006. The mode of acquisition is through Issue of GDR's (Preferential Allotment) and the total holding of NV Partners III - BT LP after the said acquisition is 5728890* GDRs aggregating 16.55% of total paid up capital of Subex Systems Limited. *It may be noted that the above relates only to GDRs, which have not been converted into shares. Accordingly, the actual shareholding of NV Partners III - BT LP in Subex Sy

Subex Systems Limited has informed the Exchange that Doughty Hanson & Co. Technology Limited Partnership** has acquired 17,79,536* Equity Shares aggregating to 5.14% of the total paid up capital of Subex Systems Ltd on June 23, 2006. The mode of acquisition is through Issue of GDRs (Preferential Allotment) and the shareholding of Doughty Hanson & Co. Technology Limited Partnership** after the said acquisition is 17,79,536 equity shares aggregating to 5.14% of the total paid up capital of Subex Systems Ltd. *It may be noted that the above relates only to GDRs, which have not been converted into

Kochhar & Co. has informed the Exchange that :- 1) Doughty Hanson & Co. Technology Limited Partnership Number One; 2) Doughty Hanson & Co. Technology Limited Partnership Number Two; 3) Doughty Hanson & Co. Technology Limited Partnership Number Three; 4) Doughty Hanson & Co. Technology Limited Partnership Number Four; 5) Doughty Hanson & Co. Technology Limited Partnership Number Five; and 6) Officers Nominees Limited, acting as nominee for the Doughty Hanson & Co. Technology Co-Investment Schemes has acquired 1,779,536* shares aggregating to 5.14% of the total paid up capital of Subex Systems L