Höegh Autoliners ASA ("Höegh Autoliners" or the "Company", ticker code: "HAUTO)
is pleased to announce that it has entered into a contract with China Merchants
Heavy Industry (Jiangsu) Co., Ltd. (CMHI) for four fixed and eight optional
multi-fuel and zero-carbon ready Aurora class vessels.

Under the terms of the contract, the first two vessels will be delivered in the
second half of 2024 and the next two vessels in the first half of 2025. In
addition, Höegh Autoliners has options for another four plus four Aurora class
vessels.

The Aurora class will have DNV's ammonia and methanol ready notation. The new
vessels will be the first in the PCTC segment able to operate on zero-carbon
ammonia. Together with the capacity to carry up to 9,100 cars, the Aurora class
will be the world's largest and most environmentally friendly car carrier. 

The strong market has continued throughout Q4, and the Company currently expects
the adjusted EBITDA to be approximately USD 78 million for Q4 (previous guidance
USD 65-70 million) and approximately USD 210 million for the full year 2021
(previous guidance USD 195-200 million). The full Q4 results and trading
performance will be published and presented on 10 February 2022. 

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

Media contact:
Safia Reddy, Head of Communications
safia.reddy@hoegh.com
+47 400 39 857

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by My Linh Vu, Finance Manager, Höegh Autoliners ASA,
on 20 January 2022 at 12:12 (CET).

About China Merchants Heavy Industry
China Merchants Heavy Industry (Jiangsu) Co., Ltd. (CMHI) is a large backbone
enterprise wholly owned by China Merchants Industry Holdings Co., Ltd. (CMI).
Headquartered in Hong Kong, CMI has several production and manufacturing bases
in the Yangtze River economic zone, Guangdong-Hong Kong-Macao Great Bay Area,
Yangtze River Delta area, Bohai Bay, as well as subsidiaries and institutions
abroad in Italy, Netherland, Singapore, Finland, Poland. CMI's business mainly
focuses on five aspects including repairs & conversion, marine & offshore
equipment newbuilding, specialized shipbuilding, cruise shipbuilding, new
materials and special equipment.

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 375 people in its 16 offices worldwide and 1,300
seafarers.  

Forward-looking statements
This announcement includes forward-looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company's plans, strategies, business prospects, changes and trends in its
business, and the markets in which it operates. These statements are made based
upon Company's current plans, expectations, assumptions and beliefs concerning
future events impacting the Company and therefore involve a number of risks,
uncertainties and assumptions that could cause actual results to differ
materially from those expressed or implied in the forward-looking statements,
which speak only as of the date of this news release. Consequently, no
forward-looking statement can be guaranteed. When considering these
forward-looking statements, you should keep in mind the risks described from
time to time in the Company's regulatory filings and periodical reporting. The
Company undertakes no obligation to update any forward-looking statements to
reflect events or circumstances after the date on which such statement is made
or to reflect the occurrence of unanticipated events. New factors emerge from
time to time, and it is not possible for the Company to predict all of these
factors. Further, the Company cannot assess the impact of each such factor on
its business or the extent to which any factor, or combination of factors, may
cause actual results to be materially different from those contained in any
forward-looking statement.