The Board of Directors is considering a de-listing from Oslo Axess followed by a solvent liquidation of the Company.

After the closing of the agreement with the bondholders and the termination of
the Nexus#2 FPSO construction contract, the Board of Directors has evaluated the
Company's strategic options.

The Board of Directors has not been able to establish a financial and strategic
basis for continuing its business, and has started the process of evaluating a
solvent liquidation process under Singapore law for the Company and its
subsidiaries. This process is expected to start within the 1st quarter of 2013,
and the shareholders will in such event receive a call for an Extraordinary
General Meeting proposing to apply for a Members Voluntary Liquidation, the
appointment of a Liquidator and de-listing from Oslo Axess.

For further information, please contact

Anders Holm, CEO, aho@flumill.no,  +47 90 60 50 72

Arild Bårdsen, CFO, aba@nexusfp.no, +47 92 66 75 90

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

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