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FORM 604 NOTICE OF CHANGE INTERESTS SUBSTANTIAL HOLDER

12th Aug 2008 07:00

OILEX LTD12 August 2008Release to the AIM MarketLondon UKDear Sir/Madam,

RE: FORM 604 NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER

Oilex Ltd ("Oilex") advises that a Form 604 'Notice of Change of Interests of Substantial Holder' was received today from JP Morgan Chase & Co and its affiliates pertaining to a holding of 8,030,000 shares in Oilex Ltd representing 6.08% of the issued share capital.

For and on behalf of the Board

Max Cozijn

Company Secretary/Director

vendor

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