Disclosure regarding a transparency notification

Disclosure regarding a transparency notification

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22 Jun 2022 08:00 CEST

DISCLOSURE REGARDING A TRANSPARENCY NOTIFICATION

(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, 22 June 2022 - Euronav NV (NYSE: EURN & Euronext: EURN) ("Euronav" or the "Company") received on 20 June 2022 a transparency notification from Famatown Finance Limited according to which Famatown Finance Limited holds 17,22% of the voting rights in the Company pursuant to an acquisition on 14 June 2022. Famatown Finance Limited has thereby crossed the 15% threshold.

The Company also reports that Famatown Finance Limited has filed a Form 13D, including information regarding the purpose of the transaction, with the US Securities and Exchange Commission. A copy of such filing can be consulted on our website: https://www.euronav.com/en/investors/company-news-reports/sec-filings/

2. Content of the notification

The notification dated 20 June 2022 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. Par-La Ville Place 14 Par-La Ville Road, 4th Floor Hamilton, Pembroke, HM 08 Bermuda

• Transaction date: 14/06/2022

• 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	22,016,815	24,216,865		11.01%
Frontline Ltd.		13,664,613		6.21%
Subtotal	22,016,815	37,881,478		17.22%
	TOTAL	37,881,478	0	17.22%	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
	37,881,478	17.22%

• 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.

• Additional information

The agreed date for settlement was 14 June 2022 but settlement of some transfers is still ongoing and will be finalised shortly.

3. 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/2022/

The transparency notification is available on the Company's website in the investor relations section: https://www.euronav.com/investors/share-securities-information/transparency-declaration/declaration/

* * *

Contact: Brian Gallagher - Head of IR Communications & Management Board member Tel: +44 20 78 70 04 36 Email: [email protected]

Announcement Q2 results: 4 August 2022

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. 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 2 V-Plus vessels, 40 VLCCs (and three to be delivered), 25 Suezmaxes (of which two vessels are time chartered in and three vessels to be delivered) and 2 FSO vessels (both owned in 50%-50% joint venture).

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.

20220622transparency-notification.pdf

Source

Euronav

Provider

Euronext