Last updated on April 18, 2014 at 9:27 EDT

Interest Payable on Nexen’s 7.35% Subordinated Notes

October 3, 2012

CALGARY, Oct. 3, 2012 /PRNewswire/ – Nexen Inc. (TSX, NYSE: NXY) announces the
regular quarterly interest payment on its 7.35% Subordinated Notes due
2043 of US$0.459375 per note, payable November 1, 2012, to note holders
of record on October 15, 2012.

The notes are listed for trading on the TSX: NXY.PR.U and the NYSE:

About Nexen

Nexen Inc. is an independent, Canadian-based global energy company,
listed on the Toronto and New York stock exchanges under the symbol
NXY. Nexen is focused on three growth strategies: oil sands and shale
gas in Western Canada and conventional exploration and development
primarily in the North Sea, offshore West Africa and deepwater Gulf of
Mexico. Nexen adds value for shareholders through successful full-cycle
oil and gas exploration and development, and leadership in ethics,
integrity, governance and environmental stewardship.

SOURCE Nexen Inc.

Source: PR Newswire