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ITEM 16B. CODE OF ETHICS

We have adopted a code of conduct that applies to our directors, officers, employees and certain persons performing similar functions. A copy of our code of conduct is available on our website at https://cmb.tech. We will also provide a hard copy of our code of conduct free of charge upon written request of a shareholder.

Our code of conduct is also filed as Exhibit 11.1 to this annual report.

Shareholders may also request a copy of our code of conduct at no cost, by writing or telephoning us at the following address:

CMB.TECH NV, De Gerlachekaai 20, 2000 Antwerp, Belgium.

Telephone: +32 3 247 44 11

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