Nexus Floating Production Completes Equity Offering

Nexus successfully raised US $40 million in the offering of new shares in the company that closed on Friday, March 23rd. Together with the previously announced debt financing facilities this brings Nexus current construction program to being fully financed.

There was strong interest among Norwegian and international investors and the offering was over subscribed. The pricing was based on a book building process and the final subscription price was set at NOK 71 per share. A total of 3,458,900 new shares was issued, which brings the number of shares outstanding in the company after the offering to a total of 16,908,900 shares.

Anders Holm, the CEO of Nexus, was allocated 12,000 shares in the offering. After the offering he directly or indirectly owns 71,000 shares in the company in addition to 120,000 share options.

Arild Bardsen, the forthcoming CFO of Nexus, was allocated 10,400 shares in the offering. After the offering he directly or indirectly owns 10,400 shares in the company.

First Securities is Manager in connection with the equity offering and the process towards listing of the company's shares on Oslo Bors.

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