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Notice of Change of Interests of Substantial Holder

6th Feb 2009 07:20

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

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 16,030,000 shares in Oilex Ltd representing 9.13% of the issued share capital

For and on behalf of the Board,

Max Cozijn

Company Secretary/Director

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

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