NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER

1st Sep 2008 07:13

OILEX LTD1 September 2008Release to the AIM MarketLondon UKDear Sir/Madam,

RE: FORM 605 NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER

Oilex Ltd ("Oilex") advises that it has received notification of lodgement with ASX of a Form 605 Notice of Ceasing to be a Substantial Holder from JPMorgan Chase & Co, meaning their holding has gone below 5%.

For and on behalf of the Board

Max Cozijn

Company Secretary/Director

vendor

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