Oslo, 14 August 2024: Höegh Autoliners ("Höegh Autoliners" or the "Company",
ticker code: HAUTO) reported another record financial performance in the second
quarter of 2024. The gross revenue was USD 341 million/NOK 3,665 million,
operating profit (EBITDA) was USD 174 million/NOK 1,865 million, and net profit
after tax was USD 174 million/NOK 1,865 million.

Highlights of the quarter 

o	Operating profit (EBITDA) of USD 174 million and net profit after tax of USD
174 million. 
o	Gross freight rate decreased by 3% compared to Q1 2024 to USD 96.3 per cbm due
to lower surcharges (BAF).
o	Höegh Kobe sold for USD 59 million. It was delivered to new owners in July.
o	Significant Enova funding of NOK 255 million secured for four Aurora Class
vessels.
o	Signed a 5-year contract with a major international car producer.
o	Q1 2024 dividend of USD 109 million paid in May 2024. 
o	A dividend of USD 127 million declared and will be paid out in August 2024.

Andreas Enger, CEO of Höegh Autoliners, comments: "Höegh Autoliners continued to
deliver solid result for the second quarter of 2024. While volume slowly
rebounded from the Red Sea rerouting issue, rates remained on a high level,
reflecting the impact of successful contract renewals with customers. The
Company took advantage of the tight capacity market fleet to further optimize
the fleet by declaring the sale of Höegh Kobe - an 18-year-old mid-size vessel
for USD 59 million in anticipation of the first Aurora class vessel delivered in
early August. The Company received another round of grant from Enova for the use
of new ammonia technology for our vessel, a stamp of approval for our tireless
decarbonisation effort, bringing us one step closer to our long-term net zero
emission goal. We remained dedicated to creating values to our shareholders, and
I am pleased to announce that a quarterly dividend of USD 127 million has been
declared and will be paid end of August. I would like to extend my heartfelt
gratitude to all our employees, partners and customers for their support and
contribution in sailing our company forward."

Outlook 
We don't expect the market to change significantly for the rest of 2024. Supply
side remains tight despite more newbuilds coming into operation. Geopolitical
and macro events create uncertainty related to the demand side, but we do not
expect any major impact on cargo access for the rest of the year. There will be
volatility in monthly volumes and rates depending on cargo mix and vessels
positions, but we expect Q3 to be another strong quarter with results more or
less in line with Q2.

Please find attached the Q2 2024 report. The results will also be presented by
CEO Andreas Enger and CFO Per Øivind Rosmo at 08:30 CET today. The presentation
will be held in English, and a recorded version of the webcast together with the
presentation will be made available on our website soon after the webcast ends.
Link to watch the webcast:
https://investors.hoeghautoliners.com/investors/reports-and-other-resources/webc
asts-and-videos/default.aspx

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

My Linh Vu, Head of Finance, Treasury and IR
my.linh.vu@hoegh.com
ir@hoegh.com
+47 486 48 086

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.

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 of the Norwegian Securities Trading Act.