Oslo, 17 July 2023: Höegh Autoliners ASA ("Höegh Autoliners" or the "Company",
ticker code HAUTO), is pleased to announce that it has exercised the option to
construct additional four (4) new multi-fuel and net zero carbon ready Aurora
class vessels. Höegh Autoliners will have the option to convert one or more of
these vessels to ammonia propulsion as soon as the technology is available. This
brings the number of total vessels under the newbuilding program to twelve (12)
vessels, all of which will be built by China Merchants Heavy Industry (Jiangsu)
Co., Ltd (CMHI). The first of the 12 vessels are scheduled to be delivered in
July 2024. The Company has an option to build another four vessels (vessels
13-16), as well as slot reservations for additional four vessels (vessels
17-20).
The Aurora-class vessels have attracted significant interest from credit
providers, and the Company will finance the newbuilds by a combination of equity
(cash) from own operation and debt. Höegh Autoliners is actively exploring
various financing alternatives and anticipates having committed financing in
place before year end.

For further information, please contact
Andreas Enger, CEO 
andreas.enger@hoegh.com
+47 901 31 228 
 
Per Øivind Rosmo, CFO 
per.oivind.rosmo@hoegh.com 
+ 47 400 39 938

Investor Relations
ir@hoegh.com

Media contact:
Camilla Knappskog, Head of Communications
camilla.knappskog@hoegh.com
+47 926 66 156

About Höegh Autoliners:

Höegh Autoliners is a leading global provider of RoRo (Roll On Roll Off)
transportation services delivering cars, high and heavy and breakbulk cargoes
across the world. The Company operates around 40 RoRo vessels in global trade
systems and makes about 3 000 port calls each year. Our purpose is to develop
innovative solutions for greener and more sustainable deep sea transportation.
We are on a path to a zero emissions future and are working closely with
customers and partners to achieve this. Höegh Autoliners has its head office in
Oslo, Norway and employs around 390 people in its 16 offices worldwide and
around 1 170 seafarers.

About China Merchant Industries (CMI)

China Merchant Industries (CMI), headquartered in Hong Kong, owns nine shipyards
located in seven important regions of China, as well as subsidiaries and
institutions abroad in Finland, Germany, Poland, and other countries. CMHI (JS)
as one of the wholly owned subsidiaries of CMI, constructs among others LNGCs,
PCTCs, cruise vessels, FPSOs, semi-submersible drilling platforms, jack-up
drilling units, and wind farm installation vessels. The shipyard has a strong
design team, experienced management, and a skilled workforce. CMHI (JS) has an
area of about 1.3 million square meters and a quay length of 3870 meters
equipped with two drydocks.