Höegh Autoliners ASA - Sale of Höegh Masan

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
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