Euronav : Transparency declaration

Wednesday 23 August 2017 - 5.30 p.m. CET

1. Summary of the notification

   ANTWERP, Belgium, 23 August 2017 - Today Euronav NV(NYSE: EURN & Euronext: EURN) ("Euronav" or the "Company") received a transparency notification dated 22 August 2017, pursuant to which M&G Investment Management Limited, following the acquisition of voting securities or voting rights on 21 August 2017, now holds 5.04% of the voting rights in the Company and thus crossed the 5% threshold.

2. Content of the notification

   The notification dated 22 August 2017 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:

     Prudential plc, Laurence Pountney Hill, London EC4R 0HH, England

   • Transaction date: 21 August 2017

   • Threshold that is crossed: 5%

   • Denominator: 159,208,949

   • Notified details:

     PRESS RELEASE Regulated information

     Wednesday 23 August 2017 - 5.30 p.m. CET

     A) Voting rights	Previous notification	After the transaction
     	Number of voting rights	Number of voting rights		% of voting rights
     Holders of voting rights	Linked to securities	Not linked to securities	Linked to securities	Not linked to securities
     Prudential plc	0	0	0	0.00%	0.00%
     M&G Investment Management Limited	0	6,072,078	0	3.81%	0.00%
     Subtotal	6,072,078	3.81%	0.00%
     TOTAL	6,072,078	0	3.81%	0.00%

     B) Equivalent financial instruments	After the transaction
     Holders of equivalent financial instruments	Type of financial instrument	Expiration date	Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
     Prudential plc	Right of Recall (Stock on loan)	0	0.00%	physical
     M&G Investment Management Limited	Right of Recall (Stock on loan)	1,959,602	1.23%	physical
     TOTAL	1,959,602	1.23%

     TOTAL (A & B)	# of voting rights	% of voting rights
     8,031,680	5.04%

     • Chain of controlled undertakings through which the holding is effectively held:

       • Prudential plc (parent holding company) is not controlled - 8,031,680 (5.04%)

       • M&G Group Limited (wholly owned subsidiary of Prudential plc) - 8,031,680 (5.04%)

       • M&G Limited (wholly owned subsidiary of M&G Group Limited) - 8,031,680 (5.04%)

       • M&G Investment Management Limited (wholly owned subsidiary of M&G Ltd) - 8,031,680 (5.04%)

   PRESS RELEASE Regulated information

   Wednesday 23 August 2017 - 5.30 p.m. CET

3. Miscellaneous

This press release is available on the Company's website in the investor relations section: https://www.euronav.com/en/investors/company-news-reports/press-releases/2017/.

The notification is available on the Company's website in the investor relations section: https://www.euronav.com/en/investors/share-information/transparency/declaration/.

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Contact:

Mr. Brian Gallagher - Euronav Investor Relations

Tel: +44 20 7870 0436

Email:IR@euronav.com

Announcement of third quarter results 2017: Tuesday, 31 October 2017 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 56 double hulled vessels being 1 V-Plus vessel, 30 VLCCs, 19 Suezmaxes, four Suezmaxes under construction and two FSO vessels (both owned in 50%-50% joint venture). The Company's vessels mainly fly Belgian, Greek, French and Marshall Island flags.

Regulated information within the meaning of the Royal Decree of 14 November 2007.

23 August 2017 - 5.30 p.m. 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.