Conversion of Options

Oilex Ltd (the Company) advises that it has issued 10,000,000 new ordinary shares (New Ordinary Shares) following the conversion of 10,000,000 options at £0.00225 per share for gross proceeds of £22,500.  The Appendix 3B pursuant to the conversion of the options is attached.

Admission and Total Voting Rights 

Application has been made to the London Stock Exchange plc for the admission of the New Ordinary Shares to trading on AIM (Admission). Admission is expected to become effective, and dealings to commence in, the New Ordinary Shares at 8.00 a.m. on 11 December 2018. Following Admission, the Company will have 2,367,311,884 shares in issue. The Company does not currently hold any shares in treasury. Accordingly, the total number of voting rights will be 2,367,311,884.

Conversion of Options