ANTWERP, Belgium, 18 September 2020 - Euronav NV (NYSE: EURN & Euronext: EURN)
("Euronav" or the "Company") announces that the Company has purchased on the
NYSE and on Euronext Brussels a total of 1,160,000 of its own shares for an
aggregate price of EUR 9,377,610.69 (USD 11,196,867.16) as part of its capital
allocation strategy and returns to shareholder policy.  


Following these transactions, the Company now owns 15,485,373 shares (7.04 % of
the total outstanding share count).

Further details on these transactions are as follows: 


Shares repurchased on Euronext Brussels

Transaction date 	Quantity 	Average Price 	Lowest price  	Highest  price	Total
price  
9 September 2020	50,000	 EUR 7.7069	 EUR 7.62	 EUR 7.765	EUR 385,345.00
10 September 2020	50,000	  EUR 7.7461	  EUR 7.675	  EUR 7.775	  EUR 387,305.00
11 September 2020	200,000	EUR 8.0692	EUR 7.795	EUR 8.2325	EUR 1,613,840.00
14 September 2020	150,000	EUR 8.2193	EUR 8.125	EUR 8.3125	EUR 1,232,895.00
15 September 2020	75,000	EUR 8.2434	EUR 8.125	EUR 8.305	EUR 618,255.00
16 September 2020	50,000	EUR 8.186 	EUR 8.07	EUR 8.2225	EUR 409,300.00
17 September 2020	50,000	EUR 8.214	EUR 8.25	EUR 8.175	EUR 410,700.00


Shares repurchased on the NYSE 

Transaction date	Quantity	Average Price	Lowest
price	Highest
price	Total price
9 September 2020	30,000	USD 9.2015	USD 9.18	USD 9.23	 USD 276,045.00
10 September 2020	30,000	 USD 9.248	 USD 9.21	 USD 9.29	 USD 277,440.00
11 September 2020	150,000	 USD 9.6929	 USD 9.61	 USD 9.76	 USD 1,453,935.00
14 September 2020	150,000	USD 9.7434	USD 9.67	USD 9.79	USD 1,461,510.00
15 September 2020	75,000	USD 9.6172	USD 9.47	USD 9.72	USD 721,290.00
16 September 2020	50,000	USD 9.7001	USD 9.61	USD 9.77	USD 485,005.00
17 September 2020	50,000	USD 9.6564	USD 9.6	USD 9.68	USD 482,820.00

Euronav takes this opportunity to highlight that the current buyback is part of
its  commitment to return USD 25 million to shareholders by the end of Q3 from
earnings derived during fiscal Q2 as outlined in the Q2 results press release of
6 August 2020 and forms part of a USD 200 million return to shareholders from Q2
net income distributed via USD 100 million in cash dividends (USD 0.47c per
share, ex-dividend on 18 August 2020) and USD 100 million in share repurchases
since June. 

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 Supervisory Board and Management Board firmly believe this affirmative
action creates long term value for all stakeholders given the 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.

Clarksons Securities continues to act as an independent broker to coordinate and
execute share repurchases on the exchanges of Euronext Brussels and/or the NYSE.


*
*  *


Contact:

Clarksons Securities

TEL: US: +1 212 889 3774 - EU: +47 46 94 01 95
Email: BuyBack@clarksons.com 

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

Tel: +44 20 78 70 04 36    
Email: IR@euronav.com

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 2 V-Plus vessels, 45 VLCCs (four to be
delivered), 25 Suezmaxes (two of which are in a joint venture) 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.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange