Disclosure regarding a Transparency Notification and Disclosure Regarding a 13D Filing by Famatown Finance Limited

27 Jan 2023 08:00 CET

Disclosure regarding a Transparency Notification and Disclosure Regarding a 13D
Filing by Famatown Finance Limited
(Article 14, 1st paragraph, of the Law of 2 May 2007 relating to the disclosure
of important shareholdings in listed companies)

1. Summary of the notification
ANTWERP, Belgium, 27 January 2023 – Euronav NV (NYSE: EURN & Euronext: EURN)
(“Euronav” or the “Company”) received two transparency notifications, one dated
19
January 2023 from Famatown Finance Limited and C.K. Limited and another one
dated 23
January 2023 from Famatown Finance Limited. The first transparency notification,
dated
19 January 2023 made notice of the fact that Famatown Finance Limited and C.K.
Limited
crossed the 20% threshold, at that moment holding together 20.59% (including
treasure
shares, please also refer to our press release dated 23 January 2023 related to
a 13D-filing
in the US). According to the second transparency notification, dated 23 January
2023,
Famatown Finance Limited now holds 15,06% of the voting rights in the Company
pursuant
to an acquisition on 23 January 2023. Famatown Finance Limited has thereby
crossed the
15% threshold. With the additional shares purchased by Famatown Finance Limited,

C.K.Limited now holds 21,27% of the voting rights in the Company.

2. Content of the notification from 19 January 2023
The notification dated 19 January 2023 contains the following information:
• Reason for the notification:
Acquisition or disposal of voting securities or voting rights
• Notification by:
A parent undertaking or a controlling person
• Persons subject to the notification requirement:
C.K.Limited, 28 Esplanade, St. Helier, Jersey JE2 3QA
Greenwich Holdings Limited, John Kennedy, Iris House, 7th Floor, Flat / Office
740B
3106, Limassol, Cyprus
Famatown Finance Limited, John Kennedy, Iris House, 7th Floor, Flat / Office
740B
3106, Limassol, Cyprus
Hemen Holding Limited, John Kennedy, Iris House, 7th Floor, Flat / Office 740B
3106,
Limassol, Cyprus
Frontline Ltd., John Kennedy, Iris House, 7th Floor, Flat / Office 740B 3106,
Limassol,
Cyprus
• Transaction date:
19/01/2023
• Threshold that is crossed:
20%
• Denominator:
220,024,713
• Notified details:

A) Voting rights Previous notification After the transaction
Number of voting rights Number of voting rights % of voting rights
Holder of voting rights Linked to securities Not linked to securities Linked
to securities Not linked to securities
C.K.Limited 0 0 0 0.00% 0,00%
Famatown Finance Limited 24,216,865 31,643,865 14.38%
Frontline Ltd. 13,664,613 13,664,613 6.21%
Subtotal 37,881,478 45,308,478 20.59%
TOTAL 45,308,478 0 20.59% 0,00%
B) Equivalent financial instruments After the transaction
Holders of equivalent
financial instruments Type of financial instrument Expiration date Exercise
period or date # of voting rights that may be acquired if the instrument is
exercised % of voting rights Settlement

TOTAL 0 0.00%

TOTAL (A & B) # of voting rights % of voting rights
45,308,478 20.59%
• C.K. Limited (which is not controlled) controls Greenwich Holdings Limited.
Greenwich
Holdings Limited holds all shares in (i) Famatown Finance Limited and (ii) Hemen

Holding Limited. Although Hemen Holding does not own a majority stake in
Frontline
or otherwise deems to exercise a controlling influence over Frontline, Hemen
Holding
has exercised the majority of voting rights at the last two annual general
meetings of
Frontline, which falls within the Belgian concept of control, (solely) for the
purposes of
this notification.

3. Content of the notification from 23 January 2023
The notification dated 23 January 2023 contains the following information:
• Reason for the notification:
Acquisition or disposal of voting securities or voting rights
• Notification by:
A parent undertaking or a controlling person
• Persons subject to the notification requirement:
C.K.Limited, 28 Esplanade, St. Helier, Jersey JE2 3QA
Greenwich Holdings Limited, John Kennedy, Iris House, 7th Floor, Flat / Office
740B
3106, Limassol, Cyprus
Famatown Finance Limited, John Kennedy, Iris House, 7th Floor, Flat / Office
740B
3106, Limassol, Cyprus
Hemen Holding Limited, John Kennedy, Iris House, 7th Floor, Flat / Office 740B
3106,
Limassol, Cyprus
Frontline Ltd.
John Kennedy, Iris House, 7th Floor, Flat / Office 740B 3106, Limassol, Cyprus
• Transaction date:
23/01/2023
• Threshold that is crossed:
15%
• Denominator:
220,024,713
• Notified details:
A) Voting rights Previous notification After the transaction
Number of voting rights Number of voting rights % of voting rights
Holder of voting rights Linked to securities Not linked to securities Linked
to securities Not linked to securities
C.K.Limited 0 0 0 0.00% 0,00%
Famatown Finance Limited 31,643,865 33,128,865 15.06%
Frontline Ltd. 13,664,613 13,664,613 6.21%
Subtotal 45,308,478 46,793,478 21.27%
TOTAL 46,793,478 0 21.27% 0,00%

B) Equivalent financial instruments After the transaction
Holders of equivalent
financial instruments Type of financial instrument Expiration date Exercise
period or date # of voting rights that may be acquired if the instrument is
exercised % of voting rights Settlement

TOTAL 0 0.00%

TOTAL (A & B) # of voting rights % of voting rights
46,793,478 21.27%

• C.K. Limited (which is not controlled) controls Greenwich Holdings Limited.
Greenwich
Holdings Limited holds all shares in (i) Famatown Finance Limited and (ii) Hemen

Holding Limited. Although Hemen Holding does not own a majority stake in
Frontline
or otherwise deems to exercise a controlling influence over Frontline, Hemen
Holding
has exercised the majority of voting rights at the last two annual general
meetings of
Frontline, which falls within the Belgian concept of control, (solely) for the
purposes of
this notification.

4. 13D Filing
Euronav further reports that Famatown Finance Limited has filed a Form 13D on 26
January
2023 with the US Securities and Exchange Commission. A copy of such filing,
including
further information on the purposes of the transaction (Item 4.), can be
consulted on our
website: https://www.euronav.com/en/investors/company-news-reports/sec-filings/.


According to the filing, Famatown Finance Limited acquired 4,785,000 additional
shares and today holds, together with related companies, 50,426,748 shares in
Euronav or 24.99% of the shares outstanding (excluding treasury shares).

5. Miscellaneous
This press release is available on the Company’s website in the investor
relations section:
https://www.euronav.com/investors/company-news-reports/press-releases/2023/
Both transparency notifications are available on the Company’s website in the
investor
relations section:
https://www.euronav.com/investors/share-securities-information/transparency-decl
aration/declaration/
*
* *
Contact:
Brian Gallagher – Head of IR Communications & Management Board member
Tel: +44 20 78 70 04 36
Email: IR@euronav.com

Announcement of Q4 earnings: 2 February 2023

About Euronav NV
Euronav is an independent tanker company engaged in the ocean transportation and
storage of crude oil. The
company is headquartered in Antwerp, Belgium, and has offices throughout Europe
and Asia. Euronav is listed
on Euronext Brussels and on the NYSE under the symbol EURN. Euronav employs its
fleet both on the spot and
period market. VLCCs on the spot market are traded in the Tankers International
pool of which Euronav is one of
the major partners. Euronav’s owned and operated fleet consists of 1 V-Plus
vessel, 40 VLCCs (with further two
under construction), 22 Suezmaxes (one of which is in a joint venture and two
vessels time chartered in) with a
further five under construction and 2 FSO vessels under long term contract.

Regulated information within the meaning of the Royal Decree of 14 November
2007.

Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking
statements. The
Private Securities Litigation Reform Act of 1995 provides safe harbor
protections for
forward-looking statements in order to encourage companies to provide
prospective
information about their business. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or performance,
and
underlying assumptions and other statements, which are other than statements of
historical facts. The Company desires to take advantage of the safe harbor
provisions of
the Private Securities Litigation Reform Act of 1995 and is including this
cautionary
statement in connection with this safe harbor legislation. The words "believe",
"anticipate",
"intends", "estimate", "forecast", "project", "plan", "potential", "may",
"should", "expect",
"pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various
assumptions,
many of which are based, in turn, upon further assumptions, including without
limitation,
our management's examination of historical operating trends, data contained in
our
records and other data available from third parties. Although we believe that
these
assumptions were reasonable when made, because these assumptions are inherently
subject to significant uncertainties and contingencies which are difficult or
impossible to
predict and are beyond our control, we cannot assure you that we will achieve or

accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in our
view, could
cause actual results to differ materially from those discussed in the
forward-looking
statements include the failure of counterparties to fully perform their
contracts with us,
the strength of world economies and currencies, general market conditions,
including
fluctuations in charter rates and vessel values, changes in demand for tanker
vessel
capacity, changes in our operating expenses, including bunker prices,
dry-docking and
insurance costs, the market for our vessels, availability of financing and
refinancing,
charter counterparty performance, ability to obtain financing and comply with
covenants
in such financing arrangements, changes in governmental rules and regulations or
actions
taken by regulatory authorities, potential liability from pending or future
litigation, general
domestic and international political conditions, potential disruption of
shipping routes due
to accidents or political events, vessels breakdowns and instances of off-hires
and other
factors. Please see our filings with the United States Securities and Exchange
Commission
for a more complete discussion of these and other risks and uncertainties.

More information:
Access the news on Oslo Bors NewsWeb site

580861_20230127_Transparency Notification.pdf