Ann: Response to Media Article , page-2

We note some media commentary regarding a potential acquisition of Nexus Energy Limited (ASX:NXS)
(Nexus or the Company) by Seven Group Holdings Limited (SGH).

Whilst the Company has had discussions with SGH, no agreement has been concluded and no
assurance can be given that a binding agreement will be reached between the Company and SGH. The
Company is also in on-going discussions with its financiers Nomura and Merrill Lynch in relation to its
approaching debt milestones under its senior debt facility.

Nexus has been mindful of governance issues. Its former chairman recused himself even before
discussions occurred with SGH and Nexus put in place appropriate protocols to manage any potential
conflict of interest.

The Company will continue to keep the market informed in compliance with its continuous disclosure
obligations. The securities of the Company continue to be in voluntary suspension whilst the Company
considers the implications of the suspension at the Longtom gas processing facility.