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Results of General Meeting - 16 November 2009

16th Nov 2009 07:00

16 November 2009

Dear Sir,

RE:RESULTS OF GENERAL MEETING - 16 NOVEMBER 2009

We advise that the resolutions put to the General Meeting of Shareholders, held at 9.00am on Monday 16 November 2009, were passed on a show of hands as detailed below:

As Ordinary Resolutions

1. Ratification of issuance and allotment of up to 24 million Oilex Ltd

shares; and

2. Issuance of up to 20 million Oilex Ltd shares

Proxy Votes

The Individual proxy votes and number of shares voted were recorded as follows:

INDIVIDUAL FOR AGAINST ABSTAIN TOTAL PROXIES Resolution 1 102 26 13 141 Resolution 2 95 34 12 141 NUMBER OF SHARES FOR AGAINST ABSTAIN TOTAL HELD BY PROXIES Resolution 1 32,855,902 3,324,129 2,146,367 38,326,398 Resolution 2 32,545,302 3,637,729 2,143,367 38,326,398

For and on behalf of Oilex Ltd

J.W.R. Laurie

Company Secretary

cc: Directors - MC/BM/RB/LLB/BC

vendor

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