OEX.L Regulatory News (OEX)

28 Mar 2011 07:21

Rule 3.19A.2 Appendix 3Y Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity OILEX LTD ABN 50 078 652 632 We (the entity) give ASX the following information under listing rule 3.19A.2and as agent for the director for the purposes of section 205G of theCorporations Act.Name of Director Ronald Lawrence Miller Date of last notice 17/11/2010

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) ofthe definition of "notifiable interest of a director" should be disclosed inthis part.Direct or indirect interest Indirect Nature of indirect interest (A) Miramar Superannuation Pty Ltd (including registered (B) Miramar Superannuation Fund Pty Ltdholder) (C) Miller Family TrustNote: Provide details of the circumstances giving (D) Ematvil Pty Ltd as trustee for the Millerrise to the relevant Family Trustinterest. (E) La Jolla Enterprises Pty Ltd Date of change 23/03/2011 No. of securities held (A) 700,000 Ordinary Sharesprior to change (B) 1,560,000 Ordinary Shares (C) 264,436 Ordinary Shares (D) 750,000 $0.30 options expiry 01/07/14 (E)1,500,000 $0.30 Options expiry 10/11/2012 Class Ordinary Shares Number acquired 100,000 (Indirect) Number disposed 100,000 (Indirect) Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation No. of securities held (A) 700,000 Ordinary Sharesafter change (B) 1,660,000 Ordinary Shares (C) 164,436 Ordinary Shares (D) 750,000 $0.30 options expiry 01/07/14 (E)1,500,000 $0.30 Options expiry 10/11/2012 Nature of change Transfer of 100,000 shares off-market Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) ofthe definition of "notifiable interest of a director" should be disclosed inthis part.Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change Part 3 - Closed PeriodWere the interests in the Nosecurities or contracts detailed above traded during a close period where prior written clearance was required? If so, was prior written N/Aclearance provided to allow the trade to proceed during this period? If prior written clearance N/Awas provided, on what date was this provided? 28/03/2011