Issue of Securities

Oilex Ltd (the Company) advises that it has issued 29,120,559 new ordinary shares (New Ordinary Shares) at 0.19 pence pursuant the capital raising announced 11 September 2018.  The £55,329 (A$100,000) issued today is the final tranche forming part of the £0.7 million (A$1.27 million) debt and equity capital raising.

The issue of New Ordinary Shares under LR7.1 are included in the attached Appendix 3B.

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 19 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 2,396,432,443.

Section 708A(5)(e) Statement

Pursuant to the issue of the abovementioned New Ordinary Shares, Oilex gives notice under section 708A(5)(e) of the Corporations Act (Cth) (Act) that:

1.Oilex issued the Shares without disclosure to investors under Part 6D.2 of the Act;

  1. As at the date of this notice, Oilex has complied with:
    1. the provisions of Chapter 2M of the Act as they apply to Oilex; and
    2. section 674 of the Act; and
  2. As at the date of this notice, there is no information that is ‘excluded information’ within the meaning of sections 708A(7) and 708(8) of the Act.
Issue of Securities