OEX.L Regulatory News (OEX)

Name of entity OILEX LTD

ABN 50 078 652 632

Name of Director

Jonathan Salomon

Date of last notice

24/11/2016

Direct or indirect interest

Direct

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

Not applicable

Date of change

16/12/2016

No. of securities held prior to change

12,987,013 Ordinary Shares

Class

Retention Rights, convertible into ordinary shares

Number acquired

2,000,000

Number disposed

Not applicable

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

Nil cash consideration

No. of securities held after change

12,987,013 Ordinary Shares

 2,000,000 Retention Rights

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Issue of retention rights, convertible into shares on a 1:1 basis for nil cash consideration upon the holder's employment with the Company being extended beyond 18 March 2017, as approved by shareholders at the Company's Annual General Meeting held 23 November 2016.

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

Were the interests in the securities or contracts detailed above traded during a close period where prior written clearance was required?

No

If so, was prior written clearance provided to allow the trade to proceed during this period?

If prior written clearance was provided, on what date was this provided?