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2015 June 12   11:48

Euronav NV notes market speculation concerning a potential transaction between Euronav and Metrostar

Euronav NV notes  today's  market speculation concerning a potential  transaction between Euronav and Metrostar.  Euronav’s company policy is no to comment on market speculation but it can confirm that it  is in advance d 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 distributi ng 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.

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