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FORM 605

19th Dec 2008 08:17

19 December 2008AIM MarketLondon Stock Exchange10 Paternoster SquareLondon EC4M 7LSDear Sirs,

Oilex Ltd ("Oilex") advises that it has sold its holding of 13.3 million shares and 13.3 million options in Bow Energy Ltd ("Bow") through on-market and private sales for total consideration of approximately $1.9 million.

Yours sincerely,Max D.J. CozijnCompany Secretary

RFC Corporate Finance Ltd acts as Oilex's Nominated Adviser - contact Stuart Laing +618 9480 2506.

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