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Appendix 3Y

26th Mar 2009 07:44

Rule 3.19A.2 Appendix 3Y Change of Director's Interest Notice Information or documents not available now must be given to ASX as soon asavailable. Information and documents given to ASX become ASX's property and maybe made public.Introduced 30/9/2001.Name of entity OILEX LTD ABN 50 078 652 632 We (the entity) give ASX the following information under listing rule 3.19A.2and as agent for the director for the purposes of section 205G of theCorporations Act.Name of Director Max Dirk Jan Cozijn Date of last notice 4/02/09

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) ofthe definition of "notifiable interest of a director" should be disclosed inthis part.Direct or indirect interest Direct / Indirect Nature of indirect interest Diplomat Holdings Pty Ltd (Indirect)

(including registered holder) Note: Provide details of the circumstances giving rise to the

relevant interest. Date of change 25/03/09

No. of securities held prior to change 600,000 Ordinary Shares - (Indirect)

800,000 Ordinary Shares - (Direct) 500,000 Options $1.50 by 31/12/09 - (Direct) 250,000 Options $2.00 by 1/7/2011 - (Indirect) 250,000 Options $2.50 by 1/7/2011 - (Indirect) Class ORDINARY SHARES- TRANSFERS Number acquired 700,000 - (Indirect) Number disposed 700,000- (direct) Value/Consideration $140,000

Note: If consideration is non-cash,

provide details and estimated valuation

No. of securities held after change 100,000 Ordinary Shares - (Direct)

1,300,000 Ordinary Shares - (Indirect) 500,000 Options $1.50 by 31/12/09 (Direct) 250,000 Options $2.00 by 1/7/2011 (Indirect) 250,000 Options $2.50 by 1/7/2011 (Indirect) Nature of change Transfer of Shares Off-Market

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) ofthe definition of "notifiable interest of a director" should be disclosed inthis part. Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change

No. and class of securities to

which interest related prior to change Note: Details are only required for a contract in

relation to which the interest

has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is

non-cash, provide details and

an estimated valuation Interest after change 26/03/09

vendor

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OEX.L
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Value8,871.31
Change61.57