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JPMorgan Chase & Co Notice of Initial Substantial Holder

7th Jan 2009 07:00

7 January 2009AIM MarketLondon Stock Exchange10 Paternoster SquareLondon EC4M 7LSDear Sirs,

RE: FORM 603 NOTICE OF INITIAL SUBSTANTIAL HOLDER

Oilex Ltd ("Oilex") advises that it has received notification of lodgment with ASX of a Form 603 Notice of Initial Substantial Holder from JPMorgan Chase & Co and its affiliates advising that they hold 10,003,000 shares in Oilex on 30 December 2008 representing 6.61% of the current issued capital.

For and on behalf of the Board,

Max CozijnCompany Secretary/Director

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

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