Nexus Evaluates Private Placement

Subject to the capital placements described below, the Board of Nexus has decided to exercise the option to order a second FPSO from Samsung Heavy Industries.

Nexus has therefore engaged First Securities to evaluate the opportunity to carry out a private placement of up to USD 20 million in new common shares, plus a repair issue of approximately USD 5 million and a convertible bond issue of USD 75 million.

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