Clarification on Market Speculation

ANTWERP, Belgium, June 11, 2015 /PRNewswire/ --

Euronav NV (NYSE:EURN &  Euronext:EURN) ("Euronav" or the "Company") notes today's market speculation concerning a potential transaction between Euronav and Metrostar.

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Euronav's company policy is no to comment on market speculation but it can confirm that it is in advanced discussions to acquire four VLCCs and if concluded, it would be funded from debt and existing liquidity available under revolving facilities. Euronav does not intend to issue equity in relation to this transaction. Management confirms that the Company will maintain its current dividend policy of distributing at least 80% of its annual net result.

The Company has not made an offer on other vessels - specifically the Principal Maritime Suezmax vessels.

Euronav will provide a further update if and when appropriate.

Forward-Looking Statements 

This press release contains "forward-looking statements." Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", "projects", "forecasts", "may", "should" and similar expressions are forward-looking statements. These statements are not historical facts but instead represent only the Company's belief regarding future results, many of which, by their nature are inherently uncertain and outside of the Company's control. Actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in the Company's registration statements, as amended, as filed with the SEC under the heading "Risk Factors." The Company does not assume any obligation to update the information contained in this press release.

Thursday 30 July 2015: announcement of second quarter results  

About Euronav 

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. Euroloys 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 53 double hulled vessels being 1 V-Plus, 2 FSO vessels (both owned in 50%-50% joint venture), 27 VLCCs (of which 1 in 50%-50% joint venture) and 23 Suezmaxes (of which 4 in 50%-50% joint venture). The company's vessels mainly fly Belgian, Greek, French and Marshall Island flags.

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

SOURCE Euronav NV