Oslo, 24 March 2022: Höegh Autoliners ASA ("Höegh Autoliners" or the "Company",
ticker code: "HAUTO) delivered its 2021 Annual report which highlighted the
Company's performance the last financial year and clear focus on its path to a
zero emissions future through its green fleet renewal program and strategic
repositioning.

Andreas Enger, CEO of Höegh Autoliners, says: "2021 has been a year of
considerable milestones for Höegh Autoliners. With substantial re-pricing and
commercial recovery, admission to trading on Euronext Growth and presentation of
the design for our Aurora class vessels, the year has provided us with key
building blocks for continuing to deliver high quality global ocean
transportation solutions. We remain committed to our vision of a zero emissions
future, reducing our carbon footprint and supporting the decarbonisation of our
customers' supply chain. I have never witnessed such a marked strategic
repositioning in a single year. I would like to thank our seafarers and onshore
staff, customers, and partners for contributing to this year's impressive
results and milestones."

Freight revenues for FY 2021 were USD 947 million, an increase of 28% compared
to FY 2020. The increase was primarily due to higher net rates and better
utilisation. EBITDA for FY 2021 was USD 203 million, compared to USD 175 million
for FY 2020. Adjusted EBITDA for FY 2021 was USD 210 million compared to USD 165
million for FY 2020.

Net profit for FY 2021 was USD 125 million compared to a net loss of USD 19
million for FY 2020. The net profit for 2021 was highly influenced by the
reversal of asset impairment charges of USD 96 million. Cash and cash
equivalents were USD 228 million at the end of 2021 compared to USD 115 million
at the end of 2020. The cash balance at year-end was strongly supported by the
proceeds from the private placement in November 2021, where a total of USD 131
million (NOK 1.2 billion) was raised in new equity capital.

Per Øivind Rosmo, CFO of Höegh Autoliners, says: "We are very pleased with our
financial results in 2021. The successful admission to trade, improved rates and
market conditions, the strengthening of long-term customer relations, and
prioritising a favourable cargo mix was the driving force behind a substantial
commercial recovery and profit growth for us." In 2021, Höegh Autoliners
remained committed to strengthening its leading position in decarbonisation and
paving the way towards a net zero emissions future. Between 2008-2021 the
Company achieved a reduced carbon intensity of 30% across its fleet and is well
on track to meet the global IMO 2030-target of 40% reduction.

"Höegh Autoliners has a clear ambition to reach net zero by 2040. Launching our
zero-carbon ready Aurora class vessel represents a definitive step in reaching
that target. The Aurora class represents the future of our business and
demonstrates our clear path to a zero emissions future. With the solid
foundation we have built in 2021, we will continue our strategic development to
lead the way towards a net zero emissions future and support our customers in
decarbonising their supply chain," says Andreas Enger.

Highlights of 2021:
o	Successful trial of our first carbon neutral voyage from Europe to South
Africa using 100% pure advanced biofuels meeting the highest sustainability
standard in March 2021.
o	Launch of the design for the multi-fuel and zero carbon ready Aurora class in
April 2021, and subsequent contract signing with China Merchants Heavy Industry
in January 2022 to build a series of up to 12 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.
o	Signing of the Neptune Declaration on Seafarer wellbeing and crew change in
August 2021. At the end of 2021, none of our crew members stayed onboard longer
than the 11-month contract period and 95% of our seafarers were fully
vaccinated.
o	Signing of the "Getting to Zero" coalition's Call to Action in September 2021
to accelerate the decarbonisation of the shipping industry, reaffirming our
long-standing commitment to sustainability.
o	Successful admission to trade on Euronext Growth Oslo in November 2021, and
USD 131 million raised in new equity capital.

Höegh Autoliners' annual general meeting is scheduled for 27 April 2022.
 
For more 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

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
around 1 250 seafarers.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.