Oslo, 4 August 2023: Höegh Autoliners ASA ("Höegh Autoliners" or the "Company",
ticker code "HAUTO") has signed a 5-year contract with a major international car
producer for the transport of cars from the US to the Middle East. 

Andreas Enger CEO of Höegh Autoliners commented: "We are happy to partner with
this major international car producer for transportation of their cargo in one
of our core trade lanes. Serving our strategic customers and allocating capacity
to them in our systems both ex. Atlantic and ex. Asia is our top priority. We
have a long history in the US to the Middle East trade and it gives us
confidence that customers see us as their trusted long-term carrier for their
products in this corridor. Höegh Autoliners are dedicated to providing our
customers with transportation that has reduced carbon intensity. We have
successfully reduced our carbon footprint by 40% since 2008. Next year, we will
offer our customers the opportunity to transport their cargo on the first of our
Aurora class newbuilds, which will be the largest and most carbon-efficient car
carriers in the industry."

This announcement is a part of our effort to increase transparency through a
practice of disclosing a monthly trading update 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.