Bondholders approving deferral of interest payments

Reference is made to the press-release of 9 June 2009

Reference is made to the press-release of 9 June 2009 in which Nexus Floating Production Ltd. ("Nexus" or the "Company") published a summons to a bondholders meeting related to the Company’s USD 175 million second lien bond loan and the USD 75 million convertible loan asking (together the “Bond Loans”) for a deferral of the interest payments due 7 June 2009 and 25 June 2009 respectively. In the bondholders meeting held today for each of the Bond Loans, the proposal to defer the interest payment dates until 24 June 2009 for the USD 175 million second lien bond loan and 9 July 2009 for the USD 75 million convertible loan were approved.

For further information, please contact:

   Anders Holm, CEO
   aho@nexusfp.no 
   +47 90 60 50 72

   Arild Bårdsen, CFO
   aba@nexusfp.no 
   +47 92 66 75 90