OEX.L Regulatory News (OEX)

18 Feb 2011 07:32

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 asavailable. Information and documents given to ASX become ASX's property and maybe made public.Introduced 30/9/2001.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 Max Dirk Jan Cozijn Date of last notice 17 November 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) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest Indirect

Nature of indirect interest (A) Diplomat Holdings Pty Ltd ATF Supermax RF

(including registered (B) Diplomat Holdings Pty Ltd ATF Maximillia holder)

Cozijn Trust Note: Provide details of the circumstances giving rise to the relevant interest. Date of change 15 & 16 February 2011 No. of securities held (A) 1,500,000 Ordinary Shares prior to change (A) 250,000 $2.00 Options expiry 01/07/2011 (A) 250,000 $2.50 Options expiry 01/07/2011 (B) 500,000 $0.30 Options expiry 10/11/2012 (B) 500,000 $0.37 Options expiry 10/11/2014 Class Ordinary Shares Number acquired Nil Number disposed 500,000 Value/Consideration $232,515 Note: If consideration is non-cash, provide details and estimated valuation No. of securities held (A) 1,000,000 Ordinary Shares after change (A) 250,000 $2.00 Options expiry 01/07/2011 (A) 250,000 $2.50 Options expiry 01/07/2011 (B) 500,000 $0.30 Options expiry 10/11/2012 (B) 500,000 $0.37 Options expiry 10/11/2014 Nature of change On market trades 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 No securities or contracts detailed above traded during a close period where prior written clearance was required? If so, was prior written N/A clearance provided to allow the trade to proceed during this period? If prior written clearance N/A was provided, on what date was this provided? 18/02/2011Appendix 3Y

Change of Director's Interest Notice

Appendix 3Y Change of Director's Interest Notice

+ See chapter 19 for defined terms.

Appendix 3Y Page 2 11/3/2002

+ See chapter 19 for defined terms.

Appendix 3Y Page 1