Höegh Autoliners signs new contract with major East Asian car producer

Andreas Enger, CEO of Höegh Autoliners, comments:

“We are happy to be chosen as the preferred shipping partner for another world-leading car producer. We take pride in the trust given to us for bringing their prestigious brands to their end users in Europe in the upcoming years. The trade from East Asia to Europe is one of our core trades where we are offering our customers quality transport with high frequency and competitive transit times. Höegh Autoliners have taken a leading role in the deep-sea car transportation industry in terms of reducing our own, and our customers' carbon footprint. From the second half of this year, we will provide our customers with the opportunity to transport their cargo on our flagship Aurora-class newbuilds, being the largest and most carbon-efficient car carriers in the industry. This offering embodies our commitment to delivering unparalleled service while at the same time being a frontrunner for sustainable shipping”.

This announcement is part of our effort to increase transparency through a practice of disclosing a monthly trading update and new contracts with mutual rate and volume commitments exceeding a total value of USD 100 million.

For further information, please contact:

Investor Relations

ir@hoegh.com

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.