Euronav : Disclosure regarding a transparency notification

PRESS RELEASE

Regulated information

Wednesday 4 November 2020 - 10.30 pm CET

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, 4 November 2020 - Euronav NV (NYSE: EURN &Euronext: EURN) ("Euronav" or the "Company") received a transparency notification on 2 November 2020 from M&G Plc according to which M&G Plc holds 5.13% of the voting rights in the Company.

2. Content of the notification

M&G Plc

The notification dated 30 October 2020 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: M&G Plc, 10, Fenchurch Avenue, London EC3M 5AG
• Transaction date:
  29 October 2020
• Threshold that is crossed: 5%
• Denominator:
  220,024,713

PRESS RELEASE

Regulated information

Wednesday 4 November 2020 - 10.30 pm CET

• Notified details:

A) Voting rights

Previous notification

After the transaction

Number of voting

Number of voting rights

% of voting rights

rights

Holder of voting rights

Linked to

Not linked to

Linked to

Not linked

securities

securities

securities

to

securities

M&G Plc

0

0%

M&G Investment Management Ltd.

11,080,632

10,763,240

4.89%

TOTAL

10,763,240

4.89%

B) Equivalent financial

After the transaction

instruments

Holders of equivalent

Type of

Expiration

Exercise

# of voting

% of

Settlem

financial instruments

financial

date

period or

rights that

voting

ent

instrument

date

may be

rights

acquired if the

instrument is

exercised

M&G Plc

Lent shares

0

0.00%

Physical

(right of

recall)

M&G Investment Management Ltd.

Lent shares

530,503

0.24%

Physical

(right of

recall)

TOTAL

530,503

0.24%

TOTAL (A & B)	# of voting rights	% of voting rights
	11,293,743	5.13%

• Full chain of controlled undertaking through which the holding is effectively held: M&G Plc (parent holding company) is not controlled.
  M&G Group Regulated Entity Holding Company Limited (wholly owned subsidiary of M&G Plc).
  M&G Group Limited (wholly owned subsidiary of M&G Group Regulated Entity Holding Company Limited).
  M&G FA Limited (wholly owned subsidiary of M&G Group Limited).
  M&G Investment Management Limited (wholly owned subsidiary of M&G FA Limited).
• Additional information
  M&G Investment Management Ltd is an investment firm and can exercise the voting rights attached to the shares at its own discretion in the absence of specific instructions.

PRESS RELEASE

Regulated information

Wednesday 4 November 2020 - 10.30 pm CET

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/2020/.

The transparency notification is available on the Company's website in the investor

relations section:https://www.euronav.com/en/investors/share-securities-information/transparency-declaration/declaration/

*

* *

Contact:

Brian Gallagher - Head of IR, Research and Communications & Management Board member

Tel: [phone]

Email: [e-mail]

Announcement of Q3 Results: Thursday 5 November 2020

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 two V-Plus vessels, 45 VLCCs (four to be delivered), 26 Suezmaxes (one of which is in a joint venture, and two of which are time chartered in) and two FSO vessels (both owned in 50%-50% joint venture).

PRESS RELEASE

Regulated information

Wednesday 4 November 2020 - 10.30 pm CET

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.