ATHENS, GREECE--(Marketwired - Nov 10, 2016) - TEN Ltd. ("TEN") (NYSE: TNP), a leading crude, product, and LNG tanker operator, today announced that its Board of Directors declared a cash dividend of $0.546875 per share for its 8.75% Series D Cumulative Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE: TNPPRD) for the period from August 28, 2016 through November 27, 2016. The dividend will be paid on November 28, 2016 to all holders of record of the Series D Preferred Shares as of the third business day prior to the dividend payment date, which is November 22, 2016 as November 24, 2016 is a public holiday (Thanksgiving) this year.

Dividends on the Series D Preferred Shares will be payable quarterly in arrears on the 28th day (unless the 28th falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of February, May, August and November of each year when, as and if declared by TEN's Board of Directors. This is the sixth dividend on the Series D Preferred Shares.

TEN has 3,400,000 Series D Preferred Shares outstanding as of the date of this press release.

ABOUT TSAKOS ENERGY NAVIGATION
 TEN, founded in 1993, is one of the first and most established public shipping companies in the world today. The Company's pro-forma fleet, including one VLCC, six Aframax crude tankers and a Suezmax DP2 shuttle tanker all under construction, consists of 65 double-hull vessels, constituting a mix of crude tankers, product tankers and LNG carriers, totalling 7.2 million dwt. Of these, 45 vessels trade in crude, 15 in products, three are shuttle tankers and two are LNG carriers. All of TEN's tanker newbuildings except the one remaining VLCC Hercules are fixed on long-term project businesses.

VESSELS UNDER CONSTRUCTION

#  Vessel Name  Type  Dwt  Delivery  Status  Employment
1  Ulysses  VLCC  300,000  June 2016  Delivered  Yes
2  Elias Tsakos  Aframax  112,700  June 2016  Delivered  Yes
3  Thomas Zafiras  Aframax  112,700  Aug 2016  Delivered  Yes
4  Leontios H  Aframax  112,700  Oct 2016  Delivered  Yes
5  Parthenon TS  Aframax  112,700  Q4 2016  TBD  Yes
6  Marathon TS  Aframax  112,700  Q1 2017  TBD  Yes
7  Sola TS  Aframax  112,700  Q1 2017  TBD  Yes
8  Oslo TS  Aframax  112,700  Q2 2017  TBD  Yes
9  Stavanger TS  Aframax  112,700  Q3 2017  TBD  Yes
10  Bergen TS  Aframax  112,700  Q4 2017  TBD  Yes
11  Sunray  Panamax LR1  74,200  Aug 2016  Delivered  Yes
12  Sunrise  Panamax LR1  74,200  Sep 2016  Delivered  Yes
13  Maria Energy  LNG  93,616  Oct 2016  Delivered  Yes
14  Lisboa City  DP2 Shuttle  157,000  Q1 2017  TBD  Yes
15  Hercules  VLCC  300,000  Q1 2017  TBD  In Negotiations
                         

Visit our company website at:http://www.tenn.gr

ABOUT FORWARD-LOOKING STATEMENTS
 Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements.

TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.