Nexus Offering of Notes and Warrants

Nexus Energy Limited has received subscriptions from institutional investors for an offering of $A110 million of Unsecured Senior Subordinated Notes due in January 2013 and 31,884,058 Warrants exercisable into the ordinary shares in the capital of Nexus. The offering was arranged by Goldman Sachs JBWere Pty Ltd.

Nexus managing director, Ian Tchacos said, "This is a significant transaction for Nexus as it introduces a new source of capital to support the strong growth of our business, whilst also driving value for Nexus shareholders. Recent events in financial markets highlight the importance of funding diversity and liquidity to ensure the expansion of high growth companies. This transaction demonstrates the confidence of institutional investors in Nexus and its maturing development projects assisting us in maintaining the pace of growth of our asset base."

The proceeds from the Notes will be used by Nexus for the advancement of certain development projects including Longtom and Crux, various exploration activities and for general corporate purposes.


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