Notice of termination for turret mooring supplier contract

Nexus 2 Private Limited, a wholly owned subsidiary of Nexus Floating Production
Ltd has received  notice of termination for the contract dated 14 December 2007
with Advanced Production and Loading AS for the supply of the Nexus#2 FPSO
turret and mooring system.  In line with the provisions of the contract, Nexus
2 Private Limited will be reimbursed an amount of USD 3,7 million following the
termination.

For further information, please contact
Arild Bårdsen, CFO, +47 92 66 75 90
aba@nexusfp.no

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.