TSAKOSENERGYNAVIGATIONLIMITED (TEN)

36S7yngroAu venue1,765P4F. aliroH, ellas

Tel3:0219004710-3, Fax3:0219004716, e-mail: ten@tenn.gr Websiteh:ttp://www.tenn.gr TsakoEs nergNy avigationLimitedCl ose$s5M0 illionOfferingoift8s

7/8%SerieCs

CumulativRe edeemablPe e rpetuaPl ref erredShares

ATHENSG,
REECES, eptember30, 2013-TsakosEnergyNavigationLimited("TEN")
(NYSET: NP)a,leadingproductc, rudeand LNGtankeroperatort,odayannouncedthe closingofits$50mi llionofferingof8 7/8%SeriesCCumulative RedeemablePerpetual PreferredShareisnapublicoffe ringundeirtesffectiveshelrfe gistrationstatemenat$t 25.00 pesrhare.
ThCe ompanhyaaslsograntedth oafdditionaSlerieCsPreferredShares.
uenderwriter3as0-daoyptionto purchasuepto$7.m5 illion

TENintendtsoustehne ept roceedfsromthe

offeringfogreneraclorpo

ratpe urposesw, hich

mayincludemakingvesseal cquisitionsorin

vestmentsT.ENintend

stolistheSeriesC

PreferredShareosnthNe ewYorSktocEk xchange.

UBISnvestmenBt anakndMorgan Stanleayctedajso inbtookrunnerfsotrhe offeringJ.efferies actedalseadmanagefrotrheofferingI.ncapi taalndDNBMarketasctedacso-managerfsor
thoeffering.
Copiesotfheprospectusupplemenat ndthe accompanyingbasepros pectusrelatedtothe offerinmg abyoebtainedfromUBSInvestment BankA, ttentionP: rospectuDs epartment2,99
ParkAvenueN,
ewYorkN,
ew York1, 0171t,elephon e8: 77-827-6444, ext5. 61-3884a, nd
MorganStanleyA, ttentionP: rospectuDs epart ment1,80VarickStreet
2,ndFloorN, ewYork,
NY10014t,elephone1:- 866-718-1649e,mail: prospectus@morganstanley.com.
Thips resrseleasedoens ot constituteanoffetro selolasrolicitation oafnoffetrobuythe securitieds escribedhereinn, osrh altlherebeanysaleotfheses ecuritieisnansytatoeor ther jurisdictioninwhichsuchanoffe rs,olicitationosrale woulbduenlawfuplriotroregistrationor qualificationundetrhseecuritielsawosafnsyu chjurisdictionT. hoe ffe ringmabyme adoe nly bmy eanospafrospectussupplement anadccompanying basperospectus.

ABOUTTSAKOSENERGYNAVIGATION

TodateT, EN'fsleetin, vesselmsa, ioxpfroduc
cludinagnLNGcarrieurndecronstructionc,onsistos4fd9ouble-hull ttankersc,rudteankerasndLNGcarr ierst,otalin4g.m9 illiondwtO. f

these2,a8rperoducctarrierrsanginfgromsh

uttlseuezmaxetsoha

ndysize1,a9rcerude

tankerrsanginfgromVLCCtsoafra

maxesa,ndtwoarLe NGcarriers.

ABOUTFORWARD-LOOKINGSTATEMENTS

Exceptforthehistoricailnfo rmationcontainedhere int,hemattersdiscussedinthispress releaseareforward-lookingstatementsthaitn volverisksanduncertai ntiesthact ouldcause actuarlesultstodiffermateriallyfromthose predictedbysuchforward-lookingstatements.

DB1/ 75976651.2 1

TENundertakens obligationtopublicluypdate anfyorward-lookinsgtatementw, hethearas resulotnfewinformationf,utureeventso,ortherwise.
Contact:
Fofrurtheirnformati onpleasceontact: Company
TsakoEs nergNy avigationLtd. GeorgSearoglou
COO
+30219004710 gsaroglou@tenn.gr
InvestoRr elationM/s edia CapitaLl inkI,nc. NicolaBs ornozis PauLl ampoutis
+2162671566 ten@capitallink.com

DB1/ 75976651.2 2

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