TEN Holds Eleventh Annual General Meeting

Tsakos Energy Navigation Limited (TEN)today announced that it had conducted its Annual General Meeting (AGM). All of the resolutions proposed were approved, and specifically, the Company announced that: * Mr. D. John Stavropoulos and Mr. P. Nicholson were re-elected to serve two-year terms on the Board of Directors. * Mr. W. O'Neil and Mr. F. Nusspickel were newly elected to the Board of Directors to serve two-year terms. * The audited financial statements for the year ended December 31, 2003 were adopted * Ernst & Young were appointed as auditors for the financial year ending December 31, 2004 * The proposal for the remuneration of the non-executive directors was approved * Shareholder acceptance of the Tsakos Energy Navigation Limited 2004 Incentive Plan