Navigator : S.A. informs on notice of dividend payment - Year 2016

THE NAVIGATOR COMPANY, SA

Public Company

Headquarters: Mitrena, Apartado 55, 2901-861 Setúbal Registered at the Commercial Register of Setúbal

Share capital: €767,500,000; Corporate Entity 503 025 798

DIVIDEND PAYMENT Under the terms of the law, Shareholders are hereby notified that the dividend payment approved at the Annual Shareholders´ Meeting held on May 24th 2017, will be paid as of June 6th 2017, with the following value per share:

Gross amount ........……………………………………………………€ 0.23710 Withholding tax IRS / IRC (28% / 25%)* ………………. € 0.05928 / € 0.06639

Net amount .........................................................€ 0.17783 / € 0.17071

It is also informed that shares traded as of June 2nd 2017 (inclusive) will no longer be eligible to receive the aforementioned payment (ex-dividend right).

Additionally, and in accordance with the resolution of the General Meeting of May 24th 2017, The Navigator Company will distribute free reserves on July 5th 2017, with the following value per share:

Gross amount ........……………………………………………………€ 0.11158 Withholding tax IRS / IRC (28% / 25%)* ………………. € 0.02790 / € 0.03124

Net amount .........................................................€ 0.08369 / € 0.08034

It is also informed that shares traded as of July 3rd 2017 (inclusive) will no longer be eligible to receive the aforementioned payment (ex-dividend right).

The paying agent appointed for this purpose is MillenniumBcp. Payment will be made through the Central de Valores Mobiliários, in accordance with the respective regulations.

For the purpose of benefiting of tax exemption, reduction or non-applicability of withholding obligations regarding income taxation, shareholders entitled to such exemption and benefits should demonstrate and evidence all the relevant facts and information required for the discharge or reduction of the withholding obligation, to the financial institution in which the respective shares are registered.

Setúbal, May 25th 2017 THE BOARD OF DIRECTORS

* The final withholding tax rate shall be 35% of the amounts placed at the disposal of: (1) omnibus accounts, except where the identity of the effective beneficiary is disclosed and (2) non-resident entities without a permanent establishment in Portuguese territory, which are domiciled in a country, territory or region subject to favorable tax regime, according to the list approved by Decree of the Ministry of Finance. Dividends paid to shareholders resident in Portugal and taxable for IRS (Portuguese Personal Income Tax) are subject to a final tax rate of 28%, unless these shareholders elect to include the dividends (50% of the amount) in the income subject to the marginal Personal Income Tax rates.