OEX.L Regulatory News (OEX)

Name of entity

 OILEX LTD

ABN

50 078 652 632

1.

+Class of +securities issued or to be issued

Unlisted options

2.

Number of +securities issued or to be issued (if known) or maximum number which may be issued

5 million

3.

Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and expiring dates for payment; if +convertible securities, the conversion price and dates for conversion)

$0.25 options vesting on 8 March 2014 and expiring on 8 March 2016

4.

Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

If the additional securities do not rank equally, please state:

·; the date from which they do

·; the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

·; the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

Not applicable.

5.

Issue price or consideration

NIL

6.

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

Options issued for corporate advisory services

6a

Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

No

6b

The date the security holder resolution under rule 7.1A was passed

6c

Number of +securities issued without security holder approval under rule 7.1

6d

Number of +securities issued with security holder approval under rule 7.1A

6e

Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

6f

Number of securities issued under an exception in rule 7.2

6g

If securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation.

6h

If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

6i

Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

40,212,311

7.

Dates of entering +securities into uncertificated holdings or despatch of certificates

8 March 2013

Number

+Class

8.

Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)

354,748,741

151,923,069

Ordinary Shares

Options exercisable at 15 cents expiring 7 September 2015

Number

+Class

9.

Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)

75,000

4,150,000

8,737,500

75,000

3,000,000

3,000,000

1,000,000

1,000,000

5,000,000

$0.50 Options expiring 01/08/2013

$0.30 Options expiring 01/07/2014

$0.37 Options expiring 10/11/2014

$0.63 Options expiring 01/08/2015

$0.15 Options expiring17/12/2015 (vesting 17/7/13)

$0.25 Options expiring 17/12/2016 (vesting 17/7/14)

$0.15 Options expiring 30/01/2016

$0.25 Options expiring 30/01/2017 (vesting 30/1/14)

$0.25 Options expiring 08/03/2016 (vesting 8/3/14)

10.

Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

34

Type of securities

(tick one)

(a)

Securities described in Part 1

(b)

All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Rule 7.1 - Issues exceeding 15% of capital

Step 1: Calculate "A", the base figure from which the placement capacity is calculated

Insert number of fully paid ordinary securities on issue 12 months before date of issue or agreement to issue

253,324,885

Add the following:

• Number of fully paid ordinary securities issued in that 12 month period under an exception in rule 7.2

22,004 (issued 21/09/2012)

2,565 (issued 28/12/2012)

49,757 (issued 18/01/2013)

19,576 (issued 18/02/2013)

·; Number of fully paid ordinary securities issued in that 12 month period with shareholder approval

101,329,954 (issued 07/09/2012)

• Number of partly paid ordinary

securities that became fully paid in that 12 month period

Nil

Note:

• Include only ordinary securities here - other classes of equity securities cannot be added

• Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed

• It may be useful to set out issues of securities on different dates as separate line items

Subtract the number of fully paid ordinary securities cancelled during that 12 month period

Nil

"A"

354,748,741

Step 2: Calculate 15% of "A"

"B"

0.15

[Note: this value cannot be changed]

Multiply "A" by 0.15

53,212,311

Step 3: Calculate "C", the amount of placement capacity under rule 7.1 that has already been used

Insert number of equity securities issued or agreed to be issued in that 12 month period not counting those issued:

• Under an exception in rule 7.2

• Under rule 7.1A

• With security holder approval under rule 7.1 or rule 7.4

Note:

• This applies to equity securities, unless specifically excluded - not just ordinary securities

• Include here (if applicable ) the securities the subject of the Appendix 3B to which this form is annexed

• It may be useful to set out issues of securities on different dates as separate line items

6,000,000 options(issued 20/12/2012)

2,000,000 options (issued 22/02/2013)

5,000,000 options (issued 08/03/2013)

"C"

13,000,000

Step 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1

"A" x 0.15

Note: number must be same as shown in Step 2

53,212,311

Subtract "C"

Note: number must be same as shown in Step 3

13,000,000

Total ["A" x 0.15] - "C"

40,212,311

[Note: this is the remaining placement capacity under rule 7.1]

Rule 7.1A - Additional placement capacity for eligible entities

Step 1: Calculate "A", the base figure from which the placement capacity is calculated

"A"

Note: number must be same as shown in Step 1 of Part 1

N/A

Step 2: Calculate 10% of "A"

"D"

0.10

Note: this value cannot be changed

Multiply "A" by 0.10

Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been used

Insert number of equity securities issued or agreed to be issued in that 12 month period under rule 7.1A

Notes:

• This applies to equity securities - not just ordinary securities

• Include here - if applicable - the securities the subject of the Appendix 3B to which this form is annexed

• Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained

• It may be useful to set out issues of securities on different dates as separate line items

"E"

Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacity under rule 7.1A

"A" x 0.10

Note: number must be same as shown in Step 2

Subtract "E"

Note: number must be same as shown in Step 3

Total ["A" x 0.10] - "E"

Note: this is the remaining placement capacity under rule 7.1A