ASX Trading Halt

11 September 2018

Mr Chris Hesford

ASX Limited

Level 40, Central Park

152-158 St Georges Terrace

PERTH WA 6000

By email: tradinghaltsperth@asx.com.au

Dear Mr Hesford

Oilex Ltd - Trading Halt Request

In accordance with ASX Listing Rule 17.1 Oilex Ltd (ASX: OEX, AIM: OEX) hereby requests an immediate trading halt on the Company's securities from the commencement of trading Tuesday 11 September 2018.

In accordance with Listing Rule 17.1, Oilex provides the following information:

a) The trading halt is requested pending an announcement by Oilex in relation to a proposed capital raising;

b) Oilex requests the trading halt to remain in place until the earlier of such time as it makes an announcement to the market in relation to the capital raising and the commencement of trading on Thursday 13 September 2018; and

c) Oilex is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Yours faithfully

Mark BoltonChief Financial Officer and Company Secretary