SUBEX

Subex Systems Limited has informed the Exchange regarding a press release dated, June 23, 2006, titled, "Subex completes largest overseas acquisition in the Indian Software Industry." 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 Systems Limited has informed the Exchange that the GDR committee of the Board of Directors of the company considered and approved on June 21,2006 the allotment of 11,728,728 (Eleven Million Seven Hundred Twenty Eight Thousand and Seven Hundred Twenty Eight only) Equity Shares as underlying shares to the depository, The Bank of New York, consequent to the issue of 11,728,728 (Eleven Million Seven Hundred Twenty Eight Thousand and Seven Hundred Twenty Eight only) Global Depository Receipts ("GDRs") in the company to the shareholders of Azure Solutions Limited as consideration for the acqui

Subex Systems Limited has informed the Exchange that Citigroup Global Mkts (Mauritius) Private Ltd has acquired 86,349 shares aggregating to 0.38% of the total paid up capital of Subex Systems Limited on June 08, 2006. The mode of acquisition is through Secondary Market and the shareholding of Citigroup Global Mkts (Mauritius) Private Ltd after the said acquisition is 1,229,423 shares aggregating to 5.37% of the total paid up capital of Subex Systems Limited.

Citibank, N. A has informed the Exchange that Citigroup Global Mkts (Mauritius) Private Ltd has acquired 86,349 shares aggregating to 0.38% of the total paid up capital of Subex System Limited on June 08, 2006. The mode of acquisition is through Secondary Market Purchase and the shareholding of Citigroup Global Mkts (Mauritius) Private Ltd after the said acquisition is 1,229,423 shares aggregating to 5.37% of the total paid up capital of Subex System Limited.

Subex Systems Limited has informed the Exchange that the members of the Company, at their Extra-ordinary General Meeting held on May 29,2006 have resolved, inter alia, the following : 1. Amendment of Memorandum of Association of the company by way of increase in the authorised share capital from Rs. 32.10 crores to Rs. 40 crores. 2. Replacement of the existing Articles of Association of the company with a new set of Articles of Association. 3. Subject to the approval of other regulatory authorities, issue of a maximum of 12,131,363 (Twelve Million One Hundred and Thirty One Thousand Three Hun

Subex Systems Limited has informed the Exchange that Prudential ICICI Mutual Fund has sold 50,000 shares aggregating to 0.2186% of the share capital of Subex Systems Limited on May 11, 2006. The mode of acquisition is Secondary Market and the shareholding of Prudential ICICI Mutual Fund after the said acquisition is 16,85,173 shares aggregating to 7.3693% of the share capital of Subex Systems Limited.

Subex Systems Limited has informed the Exchange that the Board of Directors, at their Meeting held on May 15,2006, has decided, inter alia, the following: 1) To convene the AGM of the members of the Company on August 28,2006. 2) To close the share transfer books of the company between August 22,2006 and August 28,2006 (inclusive of both days) for the purpose of declaration of final dividend for the financial year 2005-06.

Subex Systems Limited has submitted to the Exchange a copy of the notice of the Extraordinary General Meeting of the Company to be 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 the BoDs at their meeting held on April 25, 2006 has recommended final dividend @ 10% on the Equity share capital of the Company.

Subex Systems Limited has informed the Exchange that the Board of Directors, at their Meeting held on April 25, 2006, has decided , Interalia, the following.(1) Subject to the approval of the members and other regulatory authorities, acquiring 100% share capital of Azure Solutions Limited, a Company registered under the laws of UK, Consideration for the acquisition being paid partly by way of issue of a maximum of 12,131,363 (Twelve Million one Hundred and Thirty one Thousand Three Hundred and Sixty Three only) Global Depository Receipts (GDRs) in the Company to the shareholders of Azure Solut

Subex Systems Limited has informed the Exchange regarding a copy of two press releases, dated, April 25, 2006, titled, (1)"Subex scales new heights by acquiring Azure Solutions - New company-to be named Subex Azure - becomes the world's largest vendor in the telecoms revenue maximization market. The deal is the largest overseas acquisitions by an Indian software company."(2) "Subex announces FY06 results- Product Revenue Grows by 87%; Profit Grows by 55%." The details of the press releases shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements

Subex Systems Limited has informed the Exchange that the Allotment Committee of the Board of Directors of Subex Systems Ltd Considered and approved on April 07, 2006 the allotment of 26,942 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 22,867,446 equity shares of Rs.10/- each aggregating to Rs.228,674,460/- to 22,894,388 equity shares of Rs.10/-each aggregating to Rs 228,943,880/-.

Subex Systems Limited has informed the Exchange that 11,09,878 Global Depository Receipts (GDRs) of Subex Systems Limited have been officially listed on the Euro MTF market of Luxembourg Stock Exchange since April 07, 2006.

Subex Systems Limited has informed the Exchange that the GDR committee of the BODs of the Company considered and approved on April 07, 2006, the allotment of 1,109,878 equity shares as underlying shares to the depositary, The Bank of New York, consequent to the issue of Global Depositary Receipts (GDRs) aggregating to USD 10 million issued by the Company. Consequent to the above allotment the paid up Equity Share Capital of the Company has gone up from 21,757,568 equity shares of Rs.10/- each aggregating to Rs.217,575,680/- to 22,867,446 equity shares of Rs.10/- each aggregating to Rs.228,674,

Subex Systems Limited has submitted to the Exchange a copy of the proceedings of the EGM held on February 25, 2006. A copy of the proceeding shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Subex Systems Limited has informed the Exchange regarding a press release, dated, March 23, 2006, titled, "Subex unveils new brand signature to highlight its strategic business focus." 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 Systems Limited has informed the Exchange regarding a press release, dated, March 07, 2006, titled, "Subex makes another Strategic Acquisition; Move to further consolidate market position." 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 Systems Limited has informed the Exchange that the Members of the company, at their EGM held on February 25, 2006 have decided, inter alia, the following. Issue of GDRs for raising an amount not exceeding US$ 10 Million (US Dollar Ten Million) or its equivalent in Indian Rupees.

Subex Systems Limited has informed the Exchange regarding a press release dated February 22, 2006, titled, "Subex announces plans for a new campus on Outer Ring Road". 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 Systems Limited has informed the Exchange regarding a press release dated February 15, 2006, titled, "Subex to launch ONtrack�, an end-to-end subscriber risk management solution". 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 Systems Limited has submitted to the Exchange a copy of the notice of the EGM of the Company to be held on February 25, 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 Systems Limited has informed the Exchange that the BODs at their meeting held on January 27, 2006, has decided, inter alia, the following : (1) Subject to the approval of the shareholders, raising of funds upto USD 10 million by issue of Global Depository Receipts / FCCBs / Securities convertible into equity shares or such other suitable instruments. (2) To convene an EGM on February 25, 2006 to consider the above Item.

Subex Systems Limited has informed the Exchange regarding a press release dated, January 27, 2006, titled, " Subex's registers 48% growth in revenues; Profits up by 40%; To raise US$ 10 million through the issue of GDRs". 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 Systems Limited has informed the Exchange that Prudential ICICI Mutual Fund has acquired 20,000 shares aggregating to 0.09% of the share capital of Subex Systems Limited on January 12, 2006. The mode of acquisition is Secondary Market and the shareholding of Prudential ICICI Mutual Fund after the said acquisition is 20,41,248 shares aggregating to 9.40% of the share capital of Subex Systems Limited.

Subex Systems Limited has informed the Exchange that the allotment committee of the Board of Directors of Subex Systems Limited considered and approved on January 09, 2006 the allotment of 10,878,784 equity shares pursuant to the bonus issue in the ratio 1:1. The company has further informed that consequent to the above allotment the paid up equity share capital of the company has gone up from 10,878,784 equity shares of Rs. 10 each aggregating to Rs.108,787,840 to 21,757,568 equity shares of Rs.10 each aggregating to Rs.217,575,680.

Subex Systems Limited has submitted to the Exchange a copy of the proceedings of the EGM of Subex Systems Limited held on December 02, 2005. 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 the allotment committee of the BODs of the Company considered and approved on January 04, 2006 the allotment of 23,075 equity shares pursuant to exercise of ESOPs by eligible employees under the ESOP scheme 2000. The company has further informed that consequent to the above allotment the paid up equity share capital of the company has gone up from 10,855,709 equity shares of Rs.10/- aggregating to Rs.108,557,090/- to 10,878,784 equity shares of Rs.10/- aggregating to Rs.108,787,840/-.

Subex Systems Limited has informed the Exchange that Subex Holdings Pvt Ltd, one of the promoters of the company has sold 2,80,000 equity shares aggregating to 2.579% of the share capital of Subex Systems Limited on December 06, 2005. The mode of sale is Market Sale and the shareholding of Subex Holdings Pvt Ltd after the said sale is 7,60,600 equity shares aggregating to 7.006% of the share capital of Subex Systems Limited.

Subex Systems Limited has informed the Exchange that the BODs, by way of circular resolution, has fixed January 06, 2006 as the record date for the purpose of the bonus issue (i.e. in the proportion of one equity share for every one existing equity share held by the members, declared by the members in their EGM held on December 02, 2005).

Subex Systems Limited has informed the Exchange that the Members of the Company at their EGM held on December 02, 2005 have decided the following: (1) Amending the Capital Clause of the Memorandum of Association of the Company as follows. " The authorized equity share capital of the Company is increased from Rs.12,50,00,000 (Rupees twelve crore fifty lakh only), comprising 1,25,00,000 (One crore twenty five lakh) equity shares of Rs.10 each, to Rs.30,14,00,000 (Rupees thirty crore forteen lakh only) comprising 3,01,40,000 (Three crore one lakh forty thousand) equity shares of Rs.10 each by the

Subex Systems Limited has informed the Exchange that the BODs, at its Meeting held on October 28, 2005, has decided, inter alia, the following: 1) Declared an interim dividend @ 15% on the Equity Share Capital of the Company. The Board has fixed November 15, 2005 as record date for the purpose of the interim dividend. 2) Subject to the approval of shareholders, allotting Bonus shares @ 1:1 to the shareholders of the Company. The Record Date for the determination of the eligibility of bonus shares will be fixed at the meeting of the BODs to be held after the EGM. 3) Considered and accepted the

Subex Systems Limited has informed the Exchange regarding press release issued by the company dated October 28, 2005, titled, "Subex's products business posts 148% growth; Half-yearly revenues up by 72%, net profit up by 114%." 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/CorporateAnnouncements).

Subex Systems Limited has informed the Exchange regarding press release issued by the company dated October 19, 2005, titled, "Subex inducts Sanjay Paul Antony as Vice President- Human Resources.' 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/CorporateAnnouncements).

Subex Systems Limited has informed the Exchange regarding a press release dated October 11, 2005, titled 'Subex wins RevMax(TM) order in Africa - Contract value in excess of US$1 million.' 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/CorporateAnnouncements).

Subex Systems Limited has informed the Exchange that the Allotment committee of the BODs of the Company considered and approved on October 07, 2005 the allotment of 17,220 Equity Shares pursuant to exercise of ESOPs by eligible Employees under the ESOP scheme 2000. The company has further informed that consequent to the above allotment the paid up Equity Share Capital of the company has gone up from 10,838,489 equity shares of Rs.10/- each aggregating to Rs.108,384,890/- to 10,855,709 equity shares of Rs.10/- each aggregating to Rs.108,557,090/-.

Subex Systems Limited has informed the Exchange regarding a Press Release dated September 19, 2005, titled 'Subex successfully ports INcharge (TM) Revenue Assurance solution to utilize Teradata (R) database'. 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/CorporateAnnouncements).

Subex Systems Limited has informed the Exchange that Mr.Subash Menon, Chairman & Managing Director and Promoter of Subex Systems Limited has acquired the entire stake held by Mr.Alex Puthenchira, in Subex Holdings Pvt.Ltd., a promoter company of Subex Systems Ltd. Mr. Subash Menon now holds 100% stake of Subex Holdings Pvt. Ltd.

Subex Systems Limited has submitted to the Exchange a copy of the Minutes of the AGM of the Company held on July 28, 2005. 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).

The date of proposed acquisition is September 12, 2005 and the mode of proposed acquisition is Inter-se transfer among promoters. The acquisition price per share is not relevant in this case as Mr. Subash Menon is acquiring shares held by Mr. Alex Puthenchira in Subex Holdings Pvt. Limited, a promoter company of Subex Systems Limited. Prior to the acquisition Mr. Subash Menon was holding 51.92% of Subex Holdings Pvt. Limited and Mr. Alex Puthenchira the balance 48.08%. The total acquisition cost, pursuant to the mutual understanding between the promoters, is Rs.19,10,50,000/-. The details of t

Subex Systems Limited has informed the Exchange that Mr. Subash Menon, Chairman & Managing Director and promoter of the Company is intending to acquire the stake held by Mr. Alex Puthenchira in Subex Holdings Pvt Ltd., a promoter company of Subex Systems Ltd. Mr. Alex Puthenchira is holding 48.08% of Subex Holdings Pvt. Ltd. and after the said acquisition the stake of Mr. Menon in Subex Holdings Pvt. Limited will go up to 100%. As on August 31, 2005, M/s. Subex Holdings Pvt Ltd. holds 10,40,600 equity shares of Subex Systems Ltd, which is equivalent to 9.60% of the paid-up equity capital of th

Subex Systems Limited has informed the Exchange that the Company has received a letter of resignation from Mr. Alex Puthenchira, Director of the Company intimating his resignation from the Board of the company with immediate effect. The company has further informed that the Board will consider the above resignation at its next Board Meeting.

Subex Systems Limited has informed the Exchange that the Allotment committee of the BODs of the Company considered and approved by way of Circular Resolution on August 30, 2005, allotment of 2,30,769 Equity Shares of Rs.10/- each at a premium of Rs.290/- each consequent to the conversion of Foreign Currency Convertible Bonds of a value of USD 1,500,000 as under: Name of the Bond Holder: M/s. Merrill Lynch Capital Markets Espana S.A. SV; No. of bonds convered-1500(Nominal amount of USD 1,500,000);No. of equity shares allotted-2,30,769;Distinctive Nos. from 10,607,721 to 10,838,489. The company

Subex Systems Limited has informed the Exchange that the Allotment committee of the BODs of the Company considered and approved by way of Circular Resolution on August 09, 2005, allotment of 153,846 Equity Shares of Rs.10/- each at a premium of Rs.290/- each consequent to the conversion of Foreign Currency Convertible Bonds of a value of USD 1,000,000 as under: M/s. Merrill Lynch Capital Markets Espana S.A. SV ;No. of bonds convered-1000(Nominal amount of USD 1,000,000);No. of equity shares allotted-1,53,846;Distinctive Nos. from 10,453,875 to 10,607,720. The company has further informed that

Subex Systems Limited has informed the Exchange that Mr. Subash Menon, Promoter and Chairman & Managing Director of the Company has transferred 260,600 Equity Shares held in his personal name to M/s. Subex Holdings Private Limited, the promoter company of Subex Systems Limited. Consequent to the above inter-se transfer of shares among the promoters, the shareholding of Mr. Subash Menon and Subex Holdings Private Limited stands as below:- 1) Mr. Subash Menon holds 12,59,880 shares aggregating to 12.05% of the total Equity Share capital of Subex Systems Limited; and 2) Subex Holdings Private Lim

Subex Systems Limited has informed the Exchange that Subex Holdings Pvt Ltd,one of the promoters of the company has sold 2,20,000 equity shares aggregating to 2.10% of the share capital of Subex Systems Limited on August 02, 2005. The mode of sale is Market Sale and the shareholding of Subex Holdings Pvt Ltd after the said sale is 7,80,000 equity shares aggregating to 7.46% of the share capital of Subex Systems Limited.

Subex Systems Limited has informed the Exchange that the Allotment committee of the BODs of the Company considered and approved by way of Circular Resolution on August 01, 2005, the allotment of 112,769 Equity Shares of Rs.10/- each at a premium of Rs.290/- each consequent to the conversion of Foreign Currency Convertible Bonds of a value of USD 733,000 to M/s. Merrill Lynch Capital Markets Espana S.A.SV. The company has further informed that consequent to the above allotment, the paid up Equity Share Capital of the company has gone up from 10,341,105 equity shares of Rs.10/- each aggregating

Subex Systems Limited has informed the Exchange regarding a Press Release dated August 02, 2005, titled 'Subex wins Ranger(TM) FMS order from Tier-1 ISP in North America; First pure ISP win for Subex', being issued by the Company. 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/CorporateAnnouncements).

Subex Systems Limited has informed the Exchange that the AGM of the Company was held on July 28, 2005. The shareholders have unanimously adopted the following resolutions. 1) Adoption of Audited Annual Accounts consisting of Profit and Loss Account for the year ended March 31, 2005, Balance Sheet as on that date and Schedules to these Accounts, along with the Report of Directors and Auditors thereon and other documents forming part of Annual Report. 2) Approval for payment of Dividend to the shareholders @ 20%. 3) Re-appointment of Mr. K Bala Chandran as Director of the company subject to reti

Subex Systems Limited has informed the Exchange regarding a press release dated July 28, 2005 titled "Subex Net Profit zooms by 110% - Revenue up by 82%, at Rs.412.15 Million" 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/CorporateAnnouncements).

Subex Systems Limited has informed the Exchange regarding the holding of the following persons as on June 30, 2005 : 1. Subhash Menon holds 1520480 shares (14.71%) 2. Alex P.J. holds 200000 shares (1.96%) 3. Subex Holdings Pvt. Ltd holds 1000000 shares (9.67%).