SUBEX

Subex Systems Limited has informed the Exchange that the Allotment committee of the BODs of the Company considered and approved on July 07, 2005 the allotment of 7,337 Equity Shares pursuant to exercise of ESOPs by eligible Employees & Directors 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 10,333,768 equity shares of Rs.10/- each aggregating to Rs.103,337,680/- to 10,341,105 equity shares of Rs.10/- each aggregating to Rs.103,411,050/-

Matterhorn Advisory Pte Ltd. has informed the Exchange regarding the latest holding of the sub-accounts of the FII-Matterhorn Advisory Singapore Pte. Ltd. in Subex Systems Ltd.. The details are as follows: (i) Matterhorn Ventures holds 153,879 shares(1.53%).; (ii) Matterhorn Strategic holds 64,546 shares (0.64%); (iii) Matterhorn Dynamic Equity Fund holds 435,684 shares (4.33%); (iv) SC-INDIA holds 31,500 shares(0.31%); (v) Liverpool India Fund holds 38,000 shares(0.38%); (vi) Himalayan India Holdings holds 12,650 shares(0.13%).

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 June 29, 2005, allotment of 2,48,769 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 1,617,000 as under: 1) Name of the bondholder:M/s. Merrill Lynch Capital Markets Espana S.A. SV: No. of Bonds Convered-1,617(nominal amount of USD 1,617,000) ;No. of Equity Shares allotted-2,48,769 and Distinctive Nos. from 10,085,000 to 10,333,768. The com

Matterhorn Advisory Singapore Pte Ltd. (FII) has informed the Exchange that they have, through their registered sub-accounts, acquired 5,000 shares of Subex Systems Limited. The details are as follows: (i) Matterhorn Ventures has acquired 5,000 shares during the period May 27, 2005 to May 30, 2005 and the shareholding after the said acquisition is 149,403 shares aggregating 1.60% of the share capital of Subex Systems Ltd. The aggregate shareholding of Matterhorn Advisory Pte Ltd. through its registered sub accounts, after the said acquisition is 719,133 shares aggregating 7.75% of the share c

Subex Systems Limited has informed the Exchange that Mr. Sudeesh Yezhuvath, Whole-Time Director of the Company has sold 20,000 equity shares on June 09, 2005. Subsequent to the sale, the shareholding of Mr. Sudeesh Yezhuvath as on June 10, 2005, is 55330 shares aggregating to 0.55% of the total equity share capital of the Company.

Subex Systems Limited has informed the Exchange that the Company intends to release a press release dated June 07, 2005, titled 'Subex wins Ranger FMS order from Asian Telco.' 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).

Matterhorn Advisory Singapore Pte Ltd. (FII) has informed the Exchange that they have, through their various sub-accounts, acquired 1,900 shares of Subex Systems Limited. The details are as follows: (i) Matterhorn Ventures has acquired 1,900 shares on May 19, 2005 and the shareholding after the said acquisition is 144,403 shares aggregating 1.56% of the share capital of Subex Systems Ltd. The aggregate shareholding of Matterhorn Advisory Pte Ltd. through its various sub accounts, after the said acquisition is 714,133 shares aggregating 7.70% of the share capital of Subex Systems Limited.

Subex Systems Limited has informed the Exchange that the Company intends to release a press release dated May 26, 2005, titled 'Subex wins RevMax (TM) deal from Mascom Wireless, Botswana.' 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 Company intends to release a press release dated May 17, 2005, titled 'Subex launches Version 3 of INcharge (TM) Revenue Assurance System.' 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).

Prudential ICICI Asset Management Company Limited has informed the Exchange that Prudential ICICI Mutual Fund under its Schemes has acquired 80,000 shares aggregating 0.79% of the total paid up capital of Subex Systems Limited. The details of the acquisition is as follows: (i) Prudential ICICI Dynamic Plan has acquired 50,000 shares; and (ii) Prudential ICICI Discovery Fund has acquired 30,000 shares. The date of acquisition is May 06, 2005 and the mode of acquisition is through Open Market. The shareholding after the said acquisition is as follows: (i) Prudential ICICI Dynamic Plan holds 248,

Matterhorn Advisory Singapore Pte Ltd. (FII) has informed the Exchange that they have, through their registered sub-accounts, purchased 20,289 shares of Subex Systems Limited during the period April 21, 2005 to April 25, 2005. The shareholding of Matterhorn Advisory Singapore Pte Ltd. through its registered sub-accounts, after the said acquisition is 7,12,233 shares aggregating to 7.68% of the share capital of Subex Systems Limited. The details of the acqusition shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/

Subex Systems Limited has informed the Exchange that the BODs at its meeting held on April 28,2005,has decided, inter alia the following:1)Recommendation of dividend @ 20% on the equity share capital of the company. 2)Fixation of date of AGM on July 28,2005. 3)Fixation of Book closure dates from July 22,2005 to July 28,2005(inclusive of both days.) Further, the Company has issued a press release dated April 28, 2005, titled 'Subex FY05 turnover at Rs.116 crores; FY05 Profits up by 45%; Q4 profits up by 66%'. The details of the press release shall be available on the NSE website (http://www.nse

Matterhorn Advisory Singapore Pte Ltd. (FII) has informed the Exchange that they have, through their various registered sub-accounts, purchased 9711 shares of Subex Systems Limited during the period April 15, 2005 to April 20, 2005. The shareholding of Matterhorn Advisory Singapore Pte Ltd. through its various sub accounts, after the said acquisition is 691944 shares aggregating to 7.46% of the share capital of Subex Systems Limited. The details of the acqusition shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (

Subex Systems Limited has informed the Exchange that the Allotment committee of the BODs of the Company considered and approved on April 11, 2005, the allotment of 17,776 equity shares pursuant to exercise of ESOPs by eligible Employees & Directors 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 10,067,223 equity shares of Rs.10/- each aggregating to Rs.100,672,230/- to 10,084,999 equity shares of Rs.10/- each aggregating to Rs.100,849,990/-.

Subex Systems Limited has informed the Exchange of the shareholding of following directors as on April 11, 2005, pursuant to exercise of ESOPs under the ESOP scheme 2000: 1) Mr. V Balaji Bhat was allotted 1500 shares on April 11, 2005 and his total holding after the said allotment is 10,625 shares; 2) Mr. K. BalaChandran was allotted 1500 shares on April 11, 2005 and his total holding after the said allotment is 2625 shares; 3) Mr. Vinod R Sethi was allotted 1500 shares on April 11, 2005 and his total holding after the said allotment is 4625 shares; 4) Mr. P.P. Prabhu was allotted 1125 shares

Subex Systems Limited has informed the Exchange that the Company intends to release a press release dated April 06, 2005, titled 'Subex to contribute in TeleManagement Forum's Revenue Assurance Catalyst Project.' 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 by way of Circular Resolution on March 31, 2005, the allotment 3,99,999 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 US $ 2.60 Million as under: 1) Liverpool Limited Partnership - No. of Bonds Converted : 2000 (Nominal amount of USD 2,000,000), No. of Equity Shares Allotted : 3,07,692; 2) M/s. Merrill Lynch Capital Markets Espana S.A.SV - No. of Bonds Converted : 600 (Nomin

Subex Systems Limited has informed the Exchange that the Company intends to release a press release dated March 24, 2005, titled 'Subex's RevMax (TM) suite wins multi-million dollar largest single contract ever.' 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 Company intends to release a press release dated March 15, 2005, titled 'Subex to partner with Teradata to offer telcos better decision making capabilities and reduce time-to-market.' 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).

Matterhorn Advisory Singapore Pte Ltd. (FII) has informed the Exchange that they have, through their various sub-accounts, acquired 39,638 shares aggregating to 6.74% of the share capital in Subex Systems Limited. The details are as follows: (i) Matterhorn Ventures has acquired 5000 shares during the period February 28, 2005 to March 01, 2005 and the shareholding after the said acquisition is 130,003 shares aggregating 1.40% of the share capital of Subex Systems Ltd; (ii) Liverpool India Fund has acquired 24,070 shares during the period March 01, 2005 to March 03, 2005 and the shareholding aft

Subex Systems Limited has informed the Exchange regarding a press release it intends to release titled "Subex expands its footprint in the Middle East-Bags an order for its RevMax(TM)Revenue Maximization suite from one of the largest communications service providers in the Middle eastern region". 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. Subhash Menon, Chairman and Managing Director and promoter of Subex Systems Limited has informed the company vide his letter dated February 24,2005 that he has acquired majority stake in Subex Holdings Pvt.Ltd., a promoter company of Subex Systems Ltd. M/s. Subex Holdings Pvt. Ltd. holds 10 lakh equity shares of Subex Systems Limited, equivalent to 10.34% of the paid-up equity capital of the company.

Subex Systems Limited has informed the Exchange that the BOD's at its meeting held on February 21, 2005, has, inter alia : 1) accepted the resignation of Mr. Alex P J from the post of Executive Director of the company w.e.f. February 03, 2005. Mr. Alex shall remain as a Director on the Board of the Company. 2) Allotted 230,769 Equity Shares of Rs.10/- each at a price of Rs.300 each to M/s. Merrill Lynch Capital Markets Espana S.A.SV by virtue of conversion of Foreign Currency Convertible Bonds (FCCB) of nominal value US$ 1.5 million held by them. Further to this allotment, the paid up Equity S

Subex Systems Limited had informed the exchange regarding their having made two allotments by virtue of conversion of part of Foreign Currency Convertible Bonds(FCCBs).The company has now informed that the allotment of 7692 equity shares made on February 08,2005 was pursuant to conversion of Foreign Currency Convertible Bonds(FCCBs) of the value of USD 50,000 and the allotment of 153846 equity shares made on February 14,2005 was pursuant to the conversion of Foreign Currency Convertible Bonds(FCCBs) of the value of USD 1 million.

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 February 14,2005 the allotment of 1,53,846 equity shares to M/s.Merrill Lynch Capital Markets Espana S.A.SV by virtue of conversion of 1,53,846 Foreign Currency Convertible Bonds(FCCB) held by them. Consequent to the above allotment the paid up Equity Share Capital of the company has gone up from 92,82,609 equity shares of Rs.10/- each aggregating to Rs.9,28,26,090/- to 94,36,455 equity shares of Rs.10/- each aggregating to Rs.9,43,64,

Reliance Energy Investments Private Limited has informed the Exchange that they have acquired 500,000 equity shares of Rs.10 each comprising 5.39% of Shares/voting Rights in Subex Systems Limited. The date of acquisition is February 09, 2005 and the mode of acquisition is through market purchase. The shareholding of Reliance Energy Investments Private Limited after the said acquisition is 500,000 equity shares of Rs.10 each comprising 5.39% of Shares/voting Rights in Subex Systems Limited.

Subex Systems Limited has informed the Exchange that Reliance Energy Investments Private Limited have acquired 500,000 shares aggregating 5.39% of Shares/voting Rights in Subex Systems Limited. The date of acquisition/receipt of intimation of allotment by acquirer is February 10, 2005 and the mode of acquisition is through market purchase. The shareholding of Reliance Energy Investments Private Limited after the said acquisition is 500,000 shares aggregating 5.39% of Shares/voting Rights in Subex Systems Limited.

Subex Systems Limited has informed the Exchange that Mr. Alex P J, Executive Director has sold 12,00,000 shares. Further, he has submitted his resignation from the position of Executive Director and the same will be considered by the BODs.

Subex Systems Limited has informed the Exchange that Mr. Alex P J has further sold 1,00,000 shares and his subsequent shareholding as on February 09, 2005 is 2,00,000 shares (2.15%) of the Company.

Subex Systems Limited has informed the Exchange that the Allotment Committee of the BODs of the company considered and approved on February 08,2005 the allotment of 7692 equity shares to m/s.Merrill Lynch Capital Markets Espana S.A.SV by virtue of conversion of 7692 Foreign Currency Convertible Bonds(FCCB) held by them Consequent to the above allotment the paid up Equity Share Capital of the company has gone up from 92,74,917 equity shares of Rs.10/- each aggregating to Rs.9,27,49,170/- to 92,82,609 equity shares of Rs.10/- each aggregating to Rs.9,28,26,090/-.

Subex Systems Limited has informed the Exchange that the company intends to release a press release dated February 07, 2005 titled 'Vmobile Nigeria picks up Subex's INcharge(TM) Revenue Assurance 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/CorporateAnnouncements).

Subex Systems Limited has informed the Exchange that Intel Capital Corporation has sold 700 shares aggregating to 0.0075% of the total share capital of the company on February 02,2005 and 100943 shares aggregating to 1.088% of the total share capital of the company on February 02,2005.The mode of sale is through market and the shareholding of Intel Capital Corporation after the said sale is 377857 shares aggregating to 4.073% of the total share capital of the company.

Subex Systems Limited has informed the Exchange that a meeting of the Allotment Committee of the BODs of the company is scheduled to be held on February 08, 2005 to consider the conversion of Foreign Currency Convertible Bonds (FCCBs) equivalent to a nominal amount of USD50,000 only, held by M/s. Merill Lynch Capital Markets Espana S.A.SV to 7,692 Equity Shares of the company.

Subex Systems Limited has informed the Exchange of the press release dated January 27, 2005, titled "Subex Net Profit zooms by 64%". 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 BODs, at its meeting held on January 27, 2005, has decided, inter alia, the following: 1)Recommended an interim dividend @ 10% on the Equity Share Capital of the Company. February 15, 2005 has been declared as the record date for the payment of dividend. 2)Approval of the BODs for restructuring the business of the Company by transferring the services to its wholly owned subsidiary company - M/s. Subex Technologies Inc., subject to the approval of the shareholders as per the Companies Act, 1956. 3)Inducted Mr. Subash Menon, Chairman & Man

Subex Systems Limited has informed the Exchange that Prudential ICICI Mutual Fund has acquired 34,000 equity shares aggregating 0.36% of shares of Subex Systems Ltd. The date of acquisition is January 07, 2005 and the mode of acquisition is Market Purchase. The shareholding of Prudential ICICI Mutual Fund after the said acquisition is 472,840 equity shares aggregating 5.10% of shares of Subex Systems Ltd.

Subex Systems Limited has informed the Exchange that the Hyderabad Stock Exchange Limited has intimated to the Company vide letter dated January 18,2005 that the shares of the company have been delisted from their stock exchange from January 19,2005.

Prudential ICICI Asset Management Company Limited has informed the Exchange that Prudential ICICI Mutual Fund under its one of the schemes viz. Prudential ICICI Dynamic Plan has acquired 34,000 shares in M/s. Subex Systems Ltd. on January 07,2005, accordingly, the total holding of Prudential ICICI Mutual Fund under its following schemes in M/s. Subex Systems Ltd. is as under:1)Prudential ICICI Dynamic Plan-136294 shares aggregating to 1.47% of the paid up capital of the company.2)Prudential ICICI Emerging S.T.A.R. Fund-186383 shares aggregating to 2.01% of the total paid up capital of the comp

Subex Systems Limited has informed the Exchange that the Allotment Committee of the BODs of the company considered and approved on January 07,2005 the allotment of 14,947 equity shares pursuant to exercise of ESOPs by the 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 92,59,970 equity shares of Rs.10/- each aggregating to Rs.9,25,99,700/- to 92,74,917 equity shares of Rs.10/- each aggregating to Rs.9,27,49,170/-.

Subex Systems Limited has informed the Exchange of the details of change in the equity shareholding of M/s. Intel Capital Corporation, U.S.A. subsequent to their selling of 279,500 equity shares of the Company. The details of the sale are as follows : 1) On November 19, 2004 - 500 shares (0.005%); 2) On November 22, 2004 - 150,952 shares (1.630%) and 760 shares (0.008%); 3) On November 23, 2004 - 127,288 shares (1.375%). The mode of sale is through market sale and the shareholding of M/s. Intel Capital Corporation, U.S.A after the said sale is 479,500 equity shares amounting to 5.178% of the s

Subex Systems Limited has informed the Exchange that M/s. Intel Capital Corporation, U.S.A has sold 2,00,000 equity shares amounting to 2.16% of the total paid up capital of Subex Systems Limited on November 18,2004.The mode of sale is through market sale and the shareholding of M/s. Intel Capital Corporation, U.S.A after the said sale is 7,59,000 amounting to 8.38% of the total paid up capital of the company.

Subex Systems Limited has informed the Exchange regarding a press release titled 'Subex to open new offices in Denver and London'. The details of the press release to be issued by the company regarding 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 Allotment Committee of the BoD's of the company considered and approved on October 07, 2004 allotment of 7,278 Equity Shares pursuant to exercise of ESOPs by eligible employees under the ESOP scheme 2000. Consequent to the above allotment the paid up Equity Share Capital of the company has gone up from 92,52,692 equity shares of Rs.10/- each aggregating to Rs.9,25,26,920/- to 92,59,970 equity shares of Rs.10/- each aggregating to Rs.9,25,99,700/-.

Subex Systems Limited has informed the Exchange that on October 04, 2004 the company has announced the completion of the previously announced acquisition of the Fraud Management activity of Alcatel and certain assets of the Fraud Centurion product from Lightbridge, Inc. With these acquisitions, Subex has significantly expanded its custormer base across key geographies, including Western Europe and the Americas and has become the No.1 vendor worldwide for Fraud Management Systems, based on the number of installations and number of customers. "These acquisitions further our objective of becoming

Subex Systems Limited has informed the Exchange that the Allotment Committee of the BoD's of the company considered and approved on September 24, 2004 allotment of 316,755 Equity Shares to M/s. Toronto Dominion Bank (TD Bank) by virtue of conversion of 316,755 Redeemable Optionally Convertible Cumulative Preference Shares (ROCCPS) held by them. Consequent to the above allotment the paid up Equity Share Capital of the company has gone up from 89,35,937 equity shares of Rs.10/- each aggregating to Rs.8,93,59,370/- to 92,52,692 equity shares of Rs.10/- each aggregating to Rs.9,25,26,920/-.The Com

Subex Systems Limited has informed the Exchange that a meeting of the allotment committee of the BOD of the compay is scheduled on September 24, 2004 to consider the conversion of 3,16,775 Redeemable Optionally Convertible Cumulative Preference Shares (ROCCPS) held by M/s. Toronto Dominion Bank to Equity shares of the company at 1:1 ratio.

News Verification : The press had reports that Subex Systems Limited plans to expand into China following a sales and marketing alliance with a local software firm. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Subex Systems Limited has vide its letter inter-alia stated, "To address the growing Chinese telecom market, Subex has entered into a partnership with BOCO Inter-Telcom, a leading provider of comprehensive