EURONAV NV announces dividend increase and final results 2006

During its  meeting of  22 March  2007, Euronav's  (EURONEXT: EURN)
board  of  directors  discussed  the  final  consolidated   financial
statements for the period ended 31 December 2006.
 
+-------------------------------------------------------------------+
| The most important    |       |                    |              |
| key figures are:      |       |                    |              |
|-----------------------+-------+--------------------+--------------|
| in thousands of USD   |       | total as per       | total as per |
|                       |       | 31-Dec-2006        | 31-Dec-2005  |
|-----------------------+-------+--------------------+--------------|
|                       |       |                    |              |
|-----------------------+-------+--------------------+--------------|
| turnover              |       |            688 855 |      587 511 |
|-----------------------+-------+--------------------+--------------|
| EBITDA                |       |            431 965 |      372 383 |
|-----------------------+-------+--------------------+--------------|
| depreciation          |       |           -143 458 |     -116 868 |
|-----------------------+-------+--------------------+--------------|
| EBIT (operating       |       |            288 507 |      255 515 |
| result)               |       |                    |              |
|-----------------------+-------+--------------------+--------------|
| financial result      |       |            -69 205 |      -45 175 |
|-----------------------+-------+--------------------+--------------|
| result before         |       |            219 302 |      210 340 |
| taxation              |       |                    |              |
|-----------------------+-------+--------------------+--------------|
| current tax           |       |             -1 421 |       -1 881 |
|-----------------------+-------+--------------------+--------------|
| deferred tax          |       |                    |          961 |
|                       |       | 161                |              |
|-----------------------+-------+--------------------+--------------|
| result after taxation |       |            218 042 |      209 420 |
|-----------------------+-------+--------------------+--------------|
|                       | third |                    |              |
| of which:             | party |                  0 |            0 |
|                       | share |                    |              |
|-----------------------+-------+--------------------+--------------|
|                       | group |            218 042 |      209 420 |
|                       | share |                    |              |
+-------------------------------------------------------------------+
 
+-------------------------------------------------------+
| Information per share:  |              |              |
|-------------------------+--------------+--------------|
|                         | total as per | total as per |
| in USD per share        |  31-Dec-2006 |  31-Dec-2005 |
|-------------------------+--------------+--------------|
|                         |              |              |
|-------------------------+--------------+--------------|
| number of shares        |   52 518 862 |   52 518 862 |
|-------------------------+--------------+--------------|
| EBITDA                  |         8,22 |         7,09 |
|-------------------------+--------------+--------------|
| EBIT (operating result) |         5,49 |         4,87 |
|-------------------------+--------------+--------------|
| result after taxation   |         4,15 |         3,99 |
|-------------------------+--------------+--------------|
|                         | total as per | total as per |
| in EUR per share        |  31-Dec-2006 |  31-Dec-2005 |
|-------------------------+--------------+--------------|
|                         |              |              |
|-------------------------+--------------+--------------|
| rate of exchange        |       1,3170 |       1,1797 |
|-------------------------+--------------+--------------|
| EBITDA                  |         6,25 |         6,01 |
|-------------------------+--------------+--------------|
| EBIT (operating result) |         4,17 |         4,12 |
|-------------------------+--------------+--------------|
| result after taxation   |         3,15 |         3,38 |
+-------------------------------------------------------+
 
All figures have  been prepared under  IFRS (International  Financial
Reporting Standards)
 
The joint statutory  auditors have confirmed  that their audit  work,
which  has  substantially   been  completed,  did   not  reveal   any
significant changes to be made to the financial information  included
in the press release.
 
2006 has  been another  significant  year in  Euronav's  development.
While the net earnings surpassed those of 2005, the company continued
to reinvest  in growth  with  a total  of six  newbuilding  contracts
placed with  Korean  shipbuilders.  This  will  ensure  that  Euronav
continues to operate one of the youngest fleet in the industry and by
doing so  guarantees  its customers  of  its commitment  to  constant
improvement in quality of performance,  and safer, cleaner, and  even
more reliable transportation of crude oil.
 
The board of directors will propose to the annual general meeting  of
shareholders of Tuesday 24 April 2007, a total gross dividend for the
financial year 2006  of EUR  1.68 per share.  This is  a 5%  increase
compared to the gross dividend paid for the financial year 2005.
 
*
                                 * *
Contact:
Mr. Paddy Rodgers
CEO
Belgica House
De Gerlachekaai 20
BE 2000 Antwerpen 1
Tel: +32 3 247 44 11
 
Annual report 2006 available on Website: 29 March 2007
Annual General Meeting: Tuesday, 24 April 2007
 
Euronav is one  of the world's  leading independent tanker  companies
engaged in  the  ocean  transportation of  crude  oil  and  petroleum
products. The Company's modern fleet consists of interests in 26 very
large crude carriers (VLCC) and ultra large crude carriers (ULCC), of
which 10 vessels are chartered in from third parties either  directly
or jointly with  partners. 21 VLCCs  and 2 ULCCs  are managed in  the
Tankers International  pool of  which  Euronav is  one of  the  major
partners.  Euronav  owns  and  also  operates  14  Suezmaxes  and   2
Aframaxes. Euronav also  has now a  further 4 Suezmaxes  and 2  VLCCs
under construction.
 
For the pdf-version of this press  release, please click on the  link
below: