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Subex: Compliance Certificate For The Period Ended March 31, 2017

April 10, 2017 To The Manager ? Listing BSE Limited National Stock Exchange of India Limited Dear Sir/Madam, Sub: Compliance certificate under Regulation 7 (3) of the SEBI (LODR), Regulations, 2015 Please find enclosed the Compliance Certificate under Regulation 7 (3) of the SEBI (LODR), Regulations, 2015 for the period from October 01, 2016- March 31, 2017. Kindly acknowledge the receipt of the same.

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