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Notice of Change of Interests of Substantial Holder

1st Dec 2009 07:00

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

RE: NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER

Oilex Ltd ("Oilex") advises that a 'Notice of Change of Interests of Substantial Holder' dated 30 November 2009 & `Notice of Ceasing to be a Substantial Holder' dated 1 December 2009 have been received from JP Morgan Chase & Co and its affiliates notifying that its shareholding in Oilex Ltd is now 4.79%.

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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