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Tsakos Energy Navigation (TEN) To Present At The Wall Street Analyst Forum On March 3rd & 4th, 2003

Athens, Greece: February 25, 2003 - Tsakos Energy Navigation Ltd. ("TEN") (NYSE: TNP) today announced that company management will make presentations to analysts and portfolio managers at The Wall Street Analyst Forum's Institutional Investor Conference in New York City on Monday, March 3rd, 2003 at 2:40 PM Eastern time and Tuesday March 4th , 2003 at 12.30 PM Eastern time. Approximately 100 public companies will be presenting at the Conference from March 3rd, 2003 through March 5th, 2003.

** Analysts and portfolio managers who wish to attend the presentation should contact The Wall Street Analyst Forum at (802)-253-7596 to request additional information.

Investors may access an Internet webcast of the presentation at: http://events.onlinebroadcasting.com/fdfn/wsaf/030303/index.php

ABOUT TSAKOS ENERGY NAVIGATION

TEN currently operates a fleet of 24 tankers (including one chartered-inproduct carrier) comprising 2,400,400 DWT with an average age of 6.2 years, which TEN believes is much younger than the world's tanker tonnage, which has an average age of 12.4 years. Additionally, with the above announcement TEN is scheduled to take delivery of five new buildings.

With these five new buildings (one aframax, three panamaxes and one handymax) the average pro-forma age of the fleet will be 6.8 years in June 2004. The resulting fleet of 28 vessels (including one chartered-in aframax) with 2,718,000 DWT will include 17 newbuildings (1997-2004) with 2,018,000 DWT.

In addition, since October 2002 TEN has entered into a strategic joint venture with Lauritzen Kosan A/S of Denmark, initially jointly owning four modern LPG carriers. Consistent with the Company's strategy, to offer its customers a young and growing fleet, TEN will seek additional attractive opportunities to contract for new vessels and to dispose of older vessels.