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Tsakos Energy Navigation Ltd. Holds Its Twenty-First Annual General Meeting and Announces the Appointment of New Chairman of the Board

ATHENS, GREECE -- (Marketwired) -- 06/03/14 -- Tsakos Energy Navigation Ltd. ("TEN" or the "Company") (NYSE: TNP), a leading crude, product and LNG tanker operator, today announced that the Company concluded its Annual General Meeting (AGM) at which all the resolutions proposed were approved by significantly more than the required shareholder votes.

In addition, the company announced today that Mr. Takis Arapoglou has been appointed by the Company as the Chairman of the Board, replacing Mr. John Stavropoulos, who had been the Chairman of the Board and a director since 1994, and had previously announced his retirement from the position following the 2014 Annual Meeting.

ABOUT TSAKOS ENERGY NAVIGATION

To date, TEN's fleet, including two modern suezmax crude tankers scheduled for delivery in the second and third quarter of this year, the LNG carrier Maria Energy and nine Aframax crude oil tankers under construction, consists of 60 double-hull vessels, a mix of crude tankers, product tankers and LNG carriers, totaling 6.2 million dwt. Of these, 30 are crude tankers ranging from VLCCs to Aframaxes, 28 are product carriers ranging from DP2 shuttle suezmaxes to handysize, 14 of which are currently carrying crude cargoes, and two are LNG carriers.

ABOUT FORWARD-LOOKING STATEMENTS

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

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