Mandatory Notification of Trade

Mr. Dag Halstensen, Site Manager, has purchased shares

Mr. Dag Halstensen, Site Manager, has on October 3, 2008 purchased 1 000 shares in Nexus Floating Production Ltd at a price of NOK 26 per share.  Following this transaction Mr. Halstensen holds 2 000 shares in Nexus Floating Production Ltd.

For further information, please contact
   Arild Bårdsen
   Chief Financial Officer
   Mobile             +47 92 66 75 90