Oslo, 25 February 2022: Höegh Autoliners ASA ("Höegh Autoliners" or the
"Company", ticker code: "HAUTO) and the owner of Höegh Maputo (IMO: 9431850) and
Höegh Singapore (IMO: 9431862), Pioneer Leasing Ltd (Pioneer), have entered into
an agreement to sell the vessels. Both vessels are built in 2011 and have a
cargo capacity of 4,900 CEU. The vessels have been operated by Höegh Autoliners
since time of delivery and have been on bareboat charter to Höegh Autoliners
since 2014. A profit share agreement between Höegh Autoliners and Pioneer will
give Höegh a financial gain of approximately USD 19 million in aggregate upon
completion of the sale in Q3 2022.

Höegh Autoliners has entered into an agreement with the owner of Höegh Brasilia
(IMO: 9368895) and Höegh Sydney (IMO: 9368900), Chijin Shipping S.A., to extend
the charterparties for the two vessels for two and three years respectively from
April and August 2022. Both vessels are built in 2007 and have a cargo capacity
of 5,400 CEU. The vessels have been operated by Höegh Autoliners since delivery.
The prolongation of this contract gives Höegh Autoliners the flexibility needed
to serve customers in a tight supply/demand market. 

The recently ordered Aurora newbuilds will be added to the fleet from 2024 and
onwards and increase carrying capacity further.

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

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.