Oslo, 14 December,  2021:  Today, Höegh Autoliners ASA (the "Company") through
its subsidiary Höegh Autoliners Shipping AS, declared an option pursuant to a
certain bareboat charter party to purchase the vessel Höegh Beijing (IMO
9431836) for a purchase price of USD 22,000,000. Höegh Beijing was built in 2010
and has a cargo capacity of 4,900 CEU. The vessel has been on bareboat charter
to the Company since 2014 and will continue to operate in the Company's deep sea
network. The ownership of the vessel will be transferred to its new owner by Q2
2022 and the transaction will reduce the cash capacity cost for the vessel. 

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

Important Notice: 

This statement contains certain forward-looking statements concerning future
events. Forward-looking statements are statements that are not historical facts
and may be identified by words such as "anticipate", "believe", "continue",
"estimate", "expect", "intends", "may", "should", "will" and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
Although the Company believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Actual events may differ
significantly from any anticipated development due to a number of factors,
including without limitation, changes in investment levels and need for the
Company's services, changes in the general economic, political and market
conditions in the markets in which the Company operates, the Company's ability
to attract, retain and motivate qualified personnel, changes in the Company's
ability to engage in commercially acceptable acquisitions and strategic
investments, and changes in laws and regulation and the potential impact of
legal proceedings and actions. Such risks, uncertainties, contingencies and
other important factors include, but are not limited to, the possibility that we
will determine not to, or be unable to, issue any equity securities, and could
cause actual events to differ materially from the expectations expressed or
implied in this release by such forward-looking statements. 

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