EURONAV GETS $35.9M FOR VLCC ALGARVE, TO BE CONVERTED INTO FPSO

     (The following press release from Euronav NV was received by e-mail. The 
sender verified the statement.) 
SALE OF VLCC 'Algarve' 
Antwerp, Belgium, 24th October 2012 - The executive committee of Euronav NV 
(NYSE EURONEXT BRUSSELS: EURN) announced that the company sold the VLCC Algarve 
(1999 - 298,969 dwt) for a selling price of USD 35,875,000 million and that the 
vessel was delivered to its new owner today. 
A capital gain of USD 7.3 million will be recorded whilst the net cash proceeds 
available to the company after the mandatory repayment of its debt obligation 
will be USD 17.3 million. 
The vessel will be converted in a FPSO by her new owner and will therefore 
leave the worldwide VLCC trading fleet. The firm price of this sale reflects on 
the company's strategy to have set up an offshore department last year capable 
of understanding the needs of potential offshore buyers as well as having 
always maintained the ship well above industry standards. 
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VERKOOP VAN DE VLCC 'Algarve' 
Antwerpen, België, 24 oktober 2012 - Het directiecomité van Euronav NV (NYSE 
EURONEXT BRUSSELS: EURN) kondigde de verkoop aan van de VLCC Algarve (1999 - 
298.969 dwt), voor een prijs van 35.875.000 miljoen USD. De levering van het 
schip aan haar nieuwe eigenaar vond vandaag plaats. 
De te boeken meerwaarde op deze verkoop bedraagt 7,3 miljoen USD en de vrij 
beschikbare cash gegenereerd door deze verkoop na de verplichte terugbetaling 
van de lening bedraagt 17,3 miljoen USD. 
Het schip zal door haar nieuwe eigenaar geconverteerd worden tot FPSO en zal 
bijgevolg de VLCC wereldvloot verlaten. De forse prijszetting van deze verkoop 
is te danken aan enerzijds het beleid van de vennootschap die vorig jaar een 
offshore departement oprichtte dat in staat is de noden van potentiële offshore 
kopers te begrijpen en anderzijds aan het voortdurende onderhoud van het schip 
volgens normen die de industriestandaarden overtreffen. 
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Contact:
Mr. Hugo De Stoop
CFO
Tel: +32 3 247 44 11
Fourth quarter results 2012: Tuesday, 22 January 2013 
Final 
year results 2012: Thursday, 21 March 2013
About Euronav: Euronav is one of the world's leading independent tanker 
companies engaged in the ocean transportation and storage of crude oil and 
petroleum products. The company is headquartered in Antwerp, Belgium, and has 
offices throughout Europe and Asia. Euronav is listed on NYSE Euronext Brussels 
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 fleet, consists 
of 38 double hulled vessels being 1 V-Plus, 2 FSO vessels (both owned in 
50%-50% joint venture), 12 VLCCs (of which 2 in joint venture), 22 Suezmaxes 
(of which 4 in joint venture) and 1 Suezmax under construction. Euronav vessels 
mainly fly Belgian, Greek and French flag. More detailed information can be 
found on the company's website: www.euronav.com<http://www.euronav.com>. 
Regulated information within the meaning of the Royal Decree of 14 November 
2007.
 
 
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