ANTWERP, Belgium, January 11, 2023 - Euronav NV ("EURN" or "Euronav") (NYSE:
EURN & Euronext: EURN), following further detailed consideration with our legal
and financial advisors, hereby takes the opportunity to update our stakeholders
on next steps following the announcement of our combination agreement partner on
January 9, 2023. 

Euronav has determined that Frontline's (NYSE: FRO & OSE: FRO) unilateral action
in pursuing the termination of the combination agreement has no basis under the
terms of the combination agreement between the two companies signed on July 10,
2022, and that Frontline failed to provide a satisfactory reason for its
decision to pursue termination.  Euronav has complied with its obligations under
the combination agreement and has done everything in its power to make this
transaction a success.

The Supervisory and Management Boards are in the process of analysing the
Company's options and will take appropriate action to protect and preserve the
rights and interests of Euronav and its stakeholders, including but not limited
to potential litigation and/or arbitration. Euronav will continue to execute on
its value creation strategy and is well positioned to seize the opportunities
offered by improving market conditions and maximize its value potential for all
stakeholders.

Euronav continues to communicate and maintain a constructive dialogue with its
shareholders. 




Contact:
Brian Gallagher - Head of IR Communications & Management Board member		         
 
Tel: +44 20 78 70 04 36                                          	             
Email: IR@euronav.com


Announcement of Q4 earnings: 2 February 2023
About Euronav NV
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 1 V-Plus vessel, 40 VLCCs (with further two
under construction), 22 Suezmaxes (one of which is in a joint venture and two
vessels time chartered in) with a further five under construction and 2 FSO
vessels under long term contract.

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 (the "Reform
Act") provides safe harbor protections for forward- looking statements within
the meaning of the Reform Act. 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. Euronav desires to take advantage of the safe harbor
provisions of the Reform Act 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, Euronav management's examination of historical
operating trends, data contained in company records and other data available
from third parties. Euronav management 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 the companies' control, there can be no assurance that
Euronav will 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.

You are cautioned not to place undue reliance on Euronav's forward-looking
statements. These forward-looking statements are and will be based upon Euronav
management's then-current views and assumptions regarding future events and
operating performance, and are applicable only as of the dates of such
statements. Euronav assumes no duty to update or revise forward-looking
statements, whether as a result of new information, future events or otherwise,
as of any future date.

NO OFFER OR SOLICITATION
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, sell, or solicit any securities or any proxy vote or approval,
nor shall there be any sale of securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. No offering of
securities shall be made except by means of a prospectus meeting the
requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

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