ANTWERP, Belgium, 1 December 2020 - Euronav NV (NYSE: EURN & Euronext: EURN)
("Euronav" or the "Company") announces that the Company has purchased on the
NYSE a total of 52,207 of its own shares for an aggregate price of EUR
355,523.51 (USD 415,891.40) as part of its capital allocation strategy and
returns to shareholder policy.  



Following this transaction, the Company owns 16,122,080 shares (7.33% of the
total outstanding share count).



Further details on these transactions are to be found in attachment.



The Company will monitor market conditions to decide to continue buying back
shares, taking into account a variety of factors, including regulatory or legal
requirements and other corporate considerations. 


 
The Board and Management firmly believe this affirmative action creates long
term value for all stakeholders given the significant disconnect between equity
and net asset values at present and reflects the strength of Euronav's balance
sheet and the confidence of Board and Management in the long term value in the
Company's shares.



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Contact:

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

Tel: +44 20 78 70 04 36                                          	            


Email: IR@euronav.com 


 
                                                                       
Announcement of Q4 Results: Thursday 4 February 2021



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, 45 VLCCs (four to be

delivered), 26 Suezmaxes (one of which is in a joint venture and two vessels
time chartered in) and 2 FSO

vessels (both owned in 50%-50% joint venture).


 
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.

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