Company Profile For Euronav N.V.

Euronav NV is a Belgium-based integrated owner operator and manager able to provide complete shipping services in addition to its fleet of modern large tankers. Euronav charters vessels from other owners and tonnage provider whilst maintaining a core fleet of high quality owned or controlled tonnage. The Euronav core fleet has an average age of just over five years. Fleet management is conducted by three wholly owned subsidiaries Euronav Ship Management SA and Euronav SAS, both French companies with head quarters in Nantes, France and with a branch office in Antwerp, Belgium and Euronav Ship Management (Hellas) Ltd. with branch office in Piraeus, Greece. Euronav vessels fly Belgian, Greek and French flag.

BRIEF: For the nine months ended 30 September 2009, Euronav NV's total revenue decreased 58% to EUR100.3M. Net loss for the period totaled EUR21.1M, vs. a profit of EUR158M. Total revenue reflects decreased demand for the Company's products and services. Net loss for the period reflects a decrease in both gross and operating margins. Euronav NV is a Belgium-based integrated owner operator and manager able to provide complete shipping service.