Level 20, 8 Exhibition Street, Melbourne VIC 3000 Australia T +613 9656 7800

F +613 9654 7006

PO Box 18199

Collins Street East

VIC 8003 Australia

AED Oil LimitedACN 110 393 292

Market Update 30 June 2011

AED Oil Limited (ASX:AED) wishes to update the market on the status of its capital raising. The Company is in an advanced stage of negotiations with a significant and highly regarded

international investment group as potential investors to participate in the AED capital raising campaign. We expect to be able to update the market on this matter shortly when negotiations have concluded until such time the voluntary suspension of trading in AED securities will continue.

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Further updates to the market will be made as required

Trevor Slater

Company Secretary

Media Contacts

Richard Little

Chief Financial Officer

T +613 9656 7800