Oslo, 11 August 2023: Höegh Autoliners ASA ("Höegh Autoliners" or the "Company",
ticker code "HAUTO") has signed a 5-year contract with a major Japanese
construction equipment manufacturer for the transport of construction equipment
from Asia to Europe. 

Andreas Enger CEO of Höegh Autoliners commented: "Committing our capacity and
building long term relationships with strategic customers in main trade lanes is
our priority. Our vessels are built with a substantial High & Heavy capacity,
and we are delighted to be the chosen partner for transport of construction
equipment for this major producer. The Aurora class vessels, currently under
construction and scheduled for delivery from 2024 and onwards, will feature
significantly enhanced capacity for High & Heavy cargo. When the new vessels are
delivered, our customers will reap the benefits of transporting their cargo with
industry-leading vessels that boast the lowest carbon footprint in the industry.
We are happy to build a solid contract backlog with major OEM's and H&H
customers that support our investments in highly sophisticated new vessels". 

This announcement is a part of our effort to increase transparency through a
practice of disclosing a monthly trading updates and new contracts with mutual
rate and volume commitments exceeding a total value of USD 100 million.

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.