Exterminatus was a rumored name that many of us thought was the next release the for the Shield of Baal campaign, which ended up being Deathstorm. It seems likely now that Exterminatus is coming soon, and is the third installment of the Campaign instead of the second. Also that End Times Skaven is the next End Times book.
Here is a look at what is coming in the near future.
Please remember that these must be considered rumors. This is a part of the conversation in the comment section on Faeit 212, that was going on this morning regarding "Unexpected Allies". If you want to backtrack to see the conversation and the information being discussed, here is the link.
http://natfka.blogspot.com/2014/11/what-comes-next-unexpected-ally.html
via conspiracynutt in the comment sections of Faeit 212
conspiracynutt
at least definitely not the codex as it's not been printed.
Order of book releases is
Codex Blood Angels
Codex Blood Angels sanguinary guard edition
Codex Blood Angels data cards
Shield of Baal Exterminatus
End times Skaven
End times Skaven (limited edition)
All of the above are at GW HQ.
Anything else isn't printed yet so won't be out until late January as all books seem to be printed about 2 months before they are released.
I think it is either hobbit related, or could be Exterminatus.
Johnny Lho
Perhaps in that case exterminatus features necron allies, but that doesn't mean we'll see a necron codex immediately.
conspiracynutt
That seems more logical given the amount of rumours that predicted necrons would be in the campaign.