Bondholders approving deferral of interest payments

Reference is made to the press-release of 7 July 2009

Reference is made to the press-release of 7 July 2009 in which Nexus Floating Production 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 (together the "Bond Loans") asking for further deferrals of the interest payments originally 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 17 July 2009 for the USD 175 million second lien bond loan and 21 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