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Notice of Change of Interests of Substantial Holder

20th Nov 2009 07:00

20 November 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 relating to the dilution in its holding from 9.13% to 8.01%, arising out of the increase in share capital of Oilex pursuant to its recent share placement.

For and on behalf of the Board,

Jay Laurie

Company Secretary

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

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