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Oslo, 29 November 2021 - Höegh Autoliners ASA ("Höegh Autoliners" or the
"Company") has today been admitted to trading on Euronext Growth in Oslo
(ticker: HAUTO). Raising new equity of around NOK 1.2 bn through a private
placement, which may increase by NOK 160 million following exercise of the
greenshoe option, the Company is now in position to further accelerate its green
transition, expand the fleet and strengthen its market leading low-to-zero
emission transportation services to its customers.

Höegh Autoliners is one of the leading global providers of deep-sea RoRo
transportation services, operating a fleet of around 40 Pure Car and Truck
Carriers ("PCTC") sailing in global trade systems. Offering safe and secure
deep-sea transportation of cargo such as cars, high and heavy machinery and
breakbulk, its customers include most of the leading global vehicle and
equipment manufacturers. 
 
A total of 57,500,000 new shares have been issued. The offering attracted strong
interest from high quality investors and was multiple times oversubscribed. The
main owner Leif Höegh & Co Holdings AS holds 48.4% following the listing,
assuming that the greenshoe option is not exercised.

"Today, Höegh Autoliners reached a significant milestone in its continued
strategic development, thanks to the great efforts by the whole organisation.
This opens the next exciting chapter for the Company where we further strengthen
our service offering and continue to lead the way towards a net zero emissions
future for our industry", said Leif O. Høegh, Höegh Autoliners Chair. 

"Listing on Euronext Growth represents a strong vote of confidence in the
Company's long-term commitment and robust business model. I would like to thank
our people, customers, investors, and partners for contributing to our success.
The funds raised will enable us to accelerate our path to zero, expand the fleet
and strengthen our market position in delivering low-to-zero emission
transportation services to customers", said Höegh Autoliners Chief Executive
Officer, Andreas Enger. 

Höegh Autoliners has a solid history on emission cuts and long-term efforts to
combating climate change. The Company has since 2008 achieved an improved carbon
intensity of 37% in its fleet. This has put Höegh Autoliners in the forefront in
sustainable shipping in the deep-sea RoRo segment and close to meeting the IMO
2030-target of 40% reduction already. 
 
Earlier in 2021, Höegh Autoliners launched its zero carbon ready Aurora Class
design. The 9,100 car equivalent unit vessel will be the world's largest and
most environmentally friendly car carrier. The Company has entered into a Letter
of Intent (LoI) with China Merchants Heavy Industry to build a series of these
vessels. The Aurora class has DNV's new "ammonia ready" notation, which makes it
the first in the segment to be ready for operation on carbon neutral ammonia.
The vessel is designed with future cargo in mind. Its strengthened decks and
enhanced internal ramp systems enable Electric Vehicles on all decks and
provides more flexibility for heavier project cargo. 

Following the successful private placement and listing, Höegh Autoliners has
secured equity financing for the first four Aurora Class vessels. Under the
terms of the LoI, the vessels will be delivered the second half of 2024 and
first half of 2025, putting the Company in the forefront of sustainable
transportation and enhanced cargo capability. 

"We are accelerating our decarbonisation efforts to meet our net zero
emissions target by 2040. Together with our customers and trusted partners, we
will make a significant contribution to a more sustainable maritime
industry," concludes Andreas Enger. 

For further information, please contact:
Safia Reddy, Head of Communications 
safia.reddy@hoegh.com  
+47 400 39 857
 
 
Important Notice: 
 
These materials do not constitute or form a part of any offer of securities for
sale or a solicitation of an offer to purchase securities of Höegh Autoliners
ASA in the United States or any other jurisdiction. The securities of the
Company may not be offered or sold in the United States absent registration or
an exemption from registration under the U.S. Securities Act of 1933, as amended
(the "U.S. Securities Act"). The securities of the Company have not been, and
will not be, registered under the U.S. Securities Act. Any sale in the United
States of the securities mentioned in this communication will be made solely to
"qualified institutional buyers" as defined in Rule 144A under the U.S.
Securities Act. No public offering of the securities will be made in the United
States.
 
In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
EU Prospectus Regulation, i.e., only to investors who can receive the offer
without an approved prospectus in such EEA Member State. The expression "EU
Prospectus Regulation" means Regulation (EU) 2017/1129 of the European
Parliament and of the Council of 14 June 2017 (together with any applicable
implementing measures in any Member State).
 
In the United Kingdom, this communication is only addressed to and is only
directed at Qualified Investors who (i) are investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling
within Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) (all such persons together being referred to
as "Relevant Persons"). These materials are directed only at Relevant Persons
and must not be acted on or relied on by persons who are not Relevant Persons.
Any investment or investment activity to which this announcement relates is
available only to Relevant Persons and will be engaged in only with Relevant
Persons. Persons distributing this communication must satisfy themselves that it
is lawful to do so.
 
This statement contains certain forward-looking statements concerning future
events, including possible issuance of equity securities of the Company.
Forward-looking statements are statements that are not historical facts and may
be identified by words such as "anticipate", "believe", "continue", "estimate",
"expect", "intends", "may", "should", "will" and similar expressions. The
forward-looking statements in this release are based upon various assumptions,
many of which are based, in turn, upon further assumptions. Although the Company
believes that these assumptions were reasonable when made, these assumptions are
inherently subject to significant known and unknown risks, uncertainties,
contingencies and other important factors which are difficult or impossible to
predict and are beyond its control. Actual events may differ significantly from
any anticipated development due to a number of factors, including without
limitation, changes in investment levels and need for the Company's services,
changes in the general economic, political and market conditions in the markets
in which the Company operates, the Company's ability to attract, retain and
motivate qualified personnel, changes in the Company's ability to engage in
commercially acceptable acquisitions and strategic investments, and changes in
laws and regulation and the potential impact of legal proceedings and actions.
 Such risks, uncertainties, contingencies and other important factors include,
but are not limited to, the possibility that we will determine not to, or be
unable to, issue any equity securities, and could cause actual events to differ
materially from the expectations expressed or implied in this release by such
forward-looking statements. 
 
The information, opinions and forward-looking statements contained in this
announcement speak only as at its date and are subject to change without notice.
Each of the Company, the Managers and their respective affiliates expressly
disclaims any obligation or undertaking to update, review or revise any
statement contained in this announcement whether as a result of new information,
future developments or otherwise.
 
The Managers are acting exclusively for the Company and no one else and will not
be responsible to anyone other than the Company for providing the protections
afforded to their respective clients, or for advice in relation to the contents
of this announcement or any of the matters referred to herein. Neither the
Managers nor any of their respective affiliates makes any representation as to
the accuracy or completeness of this announcement and none of them accepts any
responsibility for the contents of this announcement or any matters referred to
herein.
 
This announcement is for information purposes only. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. Neither the
Managers nor any of their respective affiliates accepts any liability arising
from the use of this announcement.
 
Certain figures contained in this document, including financial information, may
have been subject to rounding adjustments. Accordingly, in certain instances,
the sum or percentage change of the numbers contained in this document may not
conform exactly with the total figure given.
 
The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions. Specifically, neither this announcement nor
the information contained herein is for publication, distribution or release, in
whole or in part, directly or indirectly, in or into or from the United States
(including its territories and possessions, any State of the United States and
the District of Columbia), Australia, Canada, Hong Kong, Japan or any other
jurisdiction where to do so would constitute a violation of the relevant laws of
such jurisdiction. The publication, distribution or release of this announcement
may be restricted by law in certain jurisdictions and persons into whose
possession any document or other information referred to herein comes should
inform themselves about and observe any such restriction. Any failure to comply
with these restrictions may constitute a violation of the securities laws of any
such jurisdiction.