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    EURN   BE0003816338

EURONAV NV

(EURN)
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Euronav : Partial repurchase of EULU01 bond

09/14/2021 | 02:01am EDT
PARTIAL REPURCHASE OF EULU01 BOND

ANTWERP, Belgium, 14 September 2021 - Reference is made to the press release of
2 September 2021 where Euronav Luxembourg SA announced the placement of a new
unsecured bond issue of USD 200 million with maturity in September 2026.

In conjunction with the bond issue, the company has bought back USD 131.8
million of the outstanding bond EULU01 (ISIN: NO0010793888) with maturity date
in May 2022.

*
* *

For further information, please contact:

Contact:
Mr. Brian Gallagher
Head of IR, Research and Communications & Member of the Management Board
Tel: +44 20 7870 0436
Email: IR@euronav.com

Announcement of third quarter results 2021: Thursday 4 November 2021

About EuronavEuronav 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 2 V-Plus vessels, 48 VLCCs (of which four
are under bareboat charter, four are time chartered in and three to be
delivered), 30 Suezmaxes (of which one is in a joint venture, two vessels that
are time chartered in and five vessels to be delivered) and 2 FSO vessels (both
owned in 50%-
50% joint venture).

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.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials (USD)
Sales 2021 529 M - -
Net income 2021 -299 M - -
Net Debt 2021 1 297 M - -
P/E ratio 2021 -8,39x
Yield 2021 1,10%
Capitalization 2 192 M 2 190 M -
EV / Sales 2021 6,59x
EV / Sales 2022 3,76x
Nbr of Employees 3 720
Free-Float 76,9%
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Technical analysis trends EURONAV NV
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 4
Last Close Price 10,87 $
Average target price 11,00 $
Spread / Average Target 1,27%
EPS Revisions
Managers and Directors
Hugo De Stoop Chief Executive Officer
Lieve Logghe Chief Financial Officer
Carl Erik Steen Chairman-Supervisory Board
Brian James Gallagher Head-Investor Relations, Research & Communications
Alexander Staring Chief Operating Officer
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