Appendix 3Z

10th Nov 2011 07:00

Rule 3.19A.3

Appendix 3Z

Final 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.3and as agent for the director for the purposes of section 205G of theCorporations Act.Name of director Laxmi Lal Bhandari Date of last notice 17/11/2010 Date that director ceased to be 09/11/2011 director

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities 375,000 $0.30 Options expiry 10/11/2012 375,000 $0.37 Options expiry 10/11/2014

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

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 (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Name of holder & nature of interest Number & class of securities Note: Provide details of the circumstances giving rise to the relevant interest

Part 3 - Director's interests in contracts

Detail of contract Nature of interest Name of registered holder (if issued securities)

No. and class of securities to which interest relates

10/11/2011

XLON

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