Trading Halt Request

15 February 2021

Mr James Rowe

ASX Limited

Level 40, Central Park

152-158 St Georges Terrace

PERTH WA 6000

By email: [email protected]

Dear Mr Rowe

Oilex Ltd - Trading Halt Request

In accordance with ASX Listing Rule 17.1 Oilex Ltd (ASX: OEX, AIM: OEX) hereby requests an immediate trading halt on the Company's securities.

In accordance with Listing Rule 17.1, Oilex provides the following information:

a)   The trading halt is requested pending an announcement by Oilex in relation to the ASX Price and Volume query of 15 February 2021;

b)   Oilex requests the trading halt to remain in place until the earlier of such time as it makes an announcement to the market in relation to the proposed acquisition and the commencement of trading on 17th February 2021; and

c)    Oilex is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Yours faithfully

Mark Bolton
Executive Director and Company Secretary