People, operations and customers

• The establishment of a Covid-19 task force monitoring  the situation and performing relevant risk assessment on a continuous basis. The task force is reporting directly to the CEO

• The implementation of a work from home policy for all onshore employees on a worldwide basis

• A "Lock down" on all vessels with no crew rotation and no visitors allowed onboard until further notice

• The activation of the company's crisis management plan.

• As of today, there are no known cases of corona virus infection for any employees in HLNG's offices or on any of its assets

• All FSRUs and LNGCs in the fleet are fully operational and manned according to relevant safety requirements

• The technical availability for the fleet is close to 100% year to date

• All charter parties remain in full force and effect and the revenues from the contracts are maintained as per their contractual terms

The President & CEO of Höegh LNG Sveinung J.S. Støhle comments: "Höegh LNG is managing this unprecedented crisis in an efficient manner first and foremost thanks to the tremendous efforts by all the people working in our organisation, but also because the company has a robust crisis management system in place supported by modern IT solutions. All our assets are operating according to contracts and we are in close dialogue with all our customers to make sure any issues are addressed in a coordinated manner. Despite the Covid-19 crisis, the LNG markets are functioning more or less as normal and commercial activities are making progress. Even with major populations being quarantined countries around the world need energy and electricity to function, where low priced LNG and flexible LNG is an attractive solution."

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