CMB.TECH BUSINESS UPDATE

30 Apr 2025 08:00 CEST

ANTWERP, Belgium, 30 April 2025 – CMB.TECH NV (“CMBT”, “CMB.TECH” or “the
Company”) (NYSE: CMBT & Euronext: CMBT) provides a business update following the
recent announcements. The company held two Capital Markets Days together with
Golden Ocean, sold three VLCCs as part of its fleet rejuvenation and will align
dates for announcing first and second quarter 2025 results due to the
consolidation of Golden Ocean's financial results.

Capital Markets Days

Following the announcement on 22 April of the signed term sheet for a
stock-for-stock merger with Golden Ocean, with  CMB.TECH as surviving entity,
both companies have hosted Capital Markets Days in Antwerp, Belgium on 24 April
2025 and in Oslo, Norway on 29 April 2025 together. The presentations,
recordings and transcripts of these Capital Markets Days are available on the
CMB.TECH website.


Vessel update

Furthermore, CMB.TECH has sold three VLCCs, Iris (2012, 314,000 dwt), Hakata
(2010, 302,550 dwt) & Hakone (2010, 302,624 dwt) as part of its fleet
rejuvenation. The sales generated a total capital gain of 96.7 million USD. The
vessels will be delivered to their new owners in the course of this year. 


Change in publication date earnings releases

As the company will consolidate the financial results of Golden Ocean in our
upcoming earnings, CMB.TECH has decided to align the dates of the announcements
of its first and second quarter 2025 earnings press releases and accompanying
conference calls. The Q1 2025 earnings will be announced on 21 May 2025 and the
Q2 2025 earnings will be announced on 28 August 2025.   

Announcement Q1 2025 results – 21 May 2025

More information:
Access the news on Oslo Bors NewsWeb site

644860_PR_CMBT_Business_Update.pdf