MINERAL EUROPA: A GAME CHANGER FOR SHIPPING

MINERAL EUROPA: A GAME CHANGER FOR SHIPPING

World's first ammonia-powered dry bulk vessel sets sail

Antwerp, 9 October 2026 - CMB.TECH NV ("CMB.TECH" or the "Company") (NYSE: CMBT,
Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO) today announces that
Mineral Europa (2026, 210,000 dwt), the world's first ammonia-powered dry bulk
vessel, has embarked on its maiden voyage to Australia.

Mineral Europa marks the beginning of what can be the fifth propulsion
revolution in the history of shipping following the oar, the sail, the steam
engine and the diesel engine. For the first time in more than 200 years, ships
can sail without CO2 emissions.

Scaling up ammonia-powered shipping

Mineral Europa is the first in a new generation of ammonia-powered vessels
entering the CMB.TECH fleet. In total, twenty-one ammonia-powered ships are
scheduled for delivery between now and 2029, including eighteen dry bulk
vessels, one container ship and two chemical tankers. Most of these vessels are
expected to be delivered within the next nine months.

"Today marks a defining moment for CMB.TECH and for the shipping industry. After
almost a decade of hard work, we are proving that decarbonising shipping is no
longer a distant ambition. It is happening today. Mineral Europa is the first of
its kind, but many more will follow in the months and years ahead. The need to
decarbonise shipping and strengthen energy independence has never been greater.
Our technology and our ships are game changers for the industry.  We are
CMB.TECH. We decarbonise today to navigate tomorrow," says Alexander Saverys,
CEO of CMB.TECH.

 

Green ammonia

Green ammonia combines renewable power, water and air into a fuel that can be
produced worldwide. When used in an engine, it emits no CO2. Ammonia is scalable
and strengthens energy independence.

Mineral Europa proves that large ocean-going ships can be powered by ammonia.
Thanks to improvements in technology, green ammonia can rapidly become cheaper
than diesel.

A new fuel ecosystem

CMB.TECH is building a new fuel ecosystem needed to support the transition to
clean shipping. The company also invests in ammonia storage solutions and bunker
barges to ensure ammonia can be delivered safely and efficiently to ocean-going
ships.

You can find more information about the ship and the technology in the fact
sheet in the press folder.


About CMB.TECH

CMB.TECH (al capitals) is one of the largest listed, diversified and
future-proof maritime groups in the world with a combined fleet of about 235
vessels: dry bulk vessels,  crude oil tankers, chemical tankers, container
vessels and offshore energy vessels. CMB.TECH also offers hydrogen and ammonia
fuel to customers, through own production or third-party producers.

CMB.TECH is headquartered in Antwerp, Belgium, and has offices across Europe,
Asia and Africa.

CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol
"CMBT" and on Euronext Oslo Børs under the ticker symbol "CMBTO".

More information can be found at https://cmb.tech

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides safe
harbour 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 harbour provisions of the Private
Securities Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbour 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. 

Contact

CMB.TECH
Katrien Hennin
Head of Marketing and Communications
+32 499 39 34 70
katrien.hennin@cmb.tech

Joris Daman
Head of Investor Relations
Tel: +32 498 61 71 11
joris.daman@cmb.tech
\
\
CMB.TECH\
Katrien Hennin\
Head of Marketing and Communications\
+32 499 39 34 70\
katrien.hennin@cmb.tech\
\
Joris Daman\
Head of Investor Relations\
Tel: +32 498 61 71 11\
joris.daman@cmb.tech\