Oslo, 1 September 2023: Höegh Autoliners ASA ("Höegh Autoliners" or the
«Company"), ticker code "HAUTO" has signed a new contract with a major
international car producer for the transport of cars, mainly EV's, from Asia to
Europe and Asia to the US. The contract is valid for shipments until the
beginning of 2028.  

Andreas Enger CEO of Höegh Autoliners comments: "The car producer and Höegh
Autoliners share the same ambition to minimize the carbon footprint of our
products. Not only do we share a vision of achieving climate-neutrality by 2040,
but we are also determined to make a significant and lasting impact by tackling
global sustainability challenges head-on. We are happy to be chosen as a
shipping partner bringing their prominent cars to their end users in Europe and
the US in the upcoming years. Höegh Autoliners have taken a leading role in the
deep-sea car transportation industry in terms of reducing our own, and our
customers, carbon footprint. From next year, we will provide our customers with
the opportunity to transport their cargo on our flagship Aurora class newbuilds,
being the largest and most carbon-efficient car carriers in the industry. This
offering embodies our commitment to delivering unparalleled service while at the
same time being a frontrunner for sustainable shipping". 

This announcement is 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.