Höegh Autoliners ASA - Sale of Höegh Masan

22 November 2021
Press Release

Oslo, 22 November 2021: Today, Höegh Autoliners ASA (the “Company”) accepted an offer for the sale of Höegh Masan (IMO 9166704) for a purchase price of USD 12,530,000 (incl. dry dock spares and equipment for a total value of approximately USD 400,000). Höegh Masan was built in 1998, has a cargo capacity of 4,300 CEU and a book value of USD 4,100,000. The vessel is expected to be delivered to its new owners in Q1 2022.

For further information, please contact:

Andreas Enger, CEO 
+47 901 31 228

Per Øivind Rosmo, CFO
+47 400 39 938

Media contact:
Safia Reddy, Head of Communications
+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.