Euronav sells Suezmax Cap Charles

21 Feb 2023 08:00 CET

EURONAV SELLS SUEZMAX CAP CHARLES

ANTWERP, Belgium, 21 February 2023 – Euronav NV (“EURN” or “Euronav”) (NYSE:
EURN
& Euronext: EURN) has sold the Suezmax Cap Charles (2006 - 158,881 DWT). This
sale is
part of our ongoing fleet renewal strategy and in response to new regulations
such as EEXI
(Energy Efficiency Existing Ship Index) which came into force earlier this year.
This
transaction will generate a capital gain of USD 22.1 million.

The Cap Charles is debt free and was delivered to her new owner on 16 February
2023.

Contact:
Contact: Brian Gallagher – Head of IR Communications & Management Board member
Tel: +44 20 78 70 04 36
Email: IR@euronav.com

Announcement final year results 2022 – 31 March 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), 21 Suezmaxes (with a further five under construction) and 2 FSO
vessels under long term contract.

Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking
statements. The
Private Securities Litigation Reform Act of 1995 provides safe harbour
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 harbour provisions of
the Private
Securities Litigation Reform Act of 1995 and is including this cautionary
statement in
connection with this safe harbour 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

583046_Cap Charles.pdf