CMB.TECH TRADING UPDATE 

ANTWERP, Belgium, 20 October 2025, 08:00 CET - CMB.TECH NV (NYSE: CMBT, Euronext
Brussels: CMBT and Euronext Oslo Børs: CMBTO) ("CMB.TECH") provides a market
update. During Q3 and Q4 to date, CMB.TECH has continued its fleet rejuvenation
strategy with the sale of two older vessels and the delivery of five newbuild
vessels.  

Fleet update 

Deliveries 

CMB.TECH took delivery of 5 newbuilding vessels in Q3 and Q4 to date:  

Eco-Newcastlemaxes: Mineral Slovensko and Mineral Slovenija 

Chemical tanker: Bochem Santos 

CTV: Windcat 58 

CSOV: Windcat Rotterdam 

 

Sales & TC updates 

Euronav  

CMB.TECH has sold the VLCC Dalma (2007, 306,543 dwt). The sale will generate a
capital gain of 26.7 million USD. The vessel will be delivered to its new owner
during Q4 2025.  

The time charter of the VLCC Donoussa (2016, 299,999 dwt) is extended for
another 11 months, until October 2026. 

Hakata (2010, 302,550 dwt) & Hakone (2010, 302,624 dwt) were delivered to their
new owners in Q3 2025, generating a total capital gain of approx. 39.3 million
USD in Q3 2025. 

Bocimar 

CMB.TECH has sold the capesize Battersea (2009, 169.390 dwt). The sale will
generate a total capital gain of 2.4 million USD. The vessel will be delivered
to its new owner during Q4 2025. 

Estimated time charter equivalent earnings (TCE) 

The estimated average daily time charter equivalent rates (TCE, a non
IFRS-measure) can be found in the attached document. 

About CMB.TECH

CMB.TECH is one of the largest listed, diversified and future-proof maritime
groups in the world with a fleet of about 250 vessels: dry bulk vessels,  crude
oil tankers, chemical tankers, container vessels, offshore wind vessels and port
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, United States 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 CMB.TECH
+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