Höegh LNG : Approval of issuing of shares to Directors as part remuneration

Hamilton, Bermuda 23 May 2017 - Reference is made to the Annual General Meeting of Höegh LNG Holdings Ltd. (the "Company) held 23 May 2017 and a subsequent Board Meeting approving the issuance of shares to each of the below listed directors (the "Directors") of the Company as part remuneration for services rendered by them for the period commencing 26 May 2016 and ending 23 May 2017. 
Each Director will receive 1,381 shares and a total of 8,286 new shares will be issued. The shares constitute a total remuneration of USD 90,000 based on the closing price of NOK 90.75 of the Company's shares on 23 May 2017 and an exchange rate of NOK 8.3602 per US Dollar, which is the exchange rate quoted on the Norges Bank website at 23 May 2017.
Upon issuance of the 8,286 shares, the new number of shares issued by the Company will be 77,244,746 and the new share capital will be USD 772,447.46. 
The following Directors will receive shares (the number of shares held by the respective Director after the share issue is included in brackets):

• Morten W. Høegh (1,381 shares. Please also see below).
• Leif O. Høegh (1,381 shares. Please also see below).
• Andrew Jamieson (7,094 shares). 
• Ditlev Wedell-Wedellsborg (7,094 shares. In addition, Ditlev Wedell-Wedellsborg owns 11,800 shares in the Company through Niki Invest Aps.) and 16,210 common units in Höegh LNG Partners LP through DWW Landbrug Aps.
• Chris Finlayson (2,738 shares). 
• Jørgen Kildahl (2,285 shares).

Disclosing regarding Morten W. Høegh and Leif O. Høegh 
Leif Höegh & Co. Ltd., which is indirectly controlled by Leif O. Høegh and a family trust under which Morten W. Høegh is the primary beneficiary, holds a total of 31,945,275 shares, representing 41.4% of the shares in the Company and 289,630 common units in HMLP.
In addition, the below Brompton Cross entities, which are co-investment vehicles for management of Höegh Capital Partners, indirectly controlled by Leif O. Høegh and by a family trust under which Morten W. Høegh is a primary beneficiary, hold the following ownership interest in the Company and HMLP, as applicable:

• Brompton Cross VI Limited holds 31,916 shares, representing 0.04% of the shares in issue and 20,000 common units in HMLP.
• Brompton Cross VII Limited holds 40,800 shares, representing 0.05%of the shares in issue, and 25,000 common units in HMLP.
• Brompton Cross VIII Limited holds 28,500 shares, representing 0.04% of the shares in issue.
• Brompton Cross IX Limited holds 28,500 shares, representing 0.04% of the shares in issue.

The percentage has been calculated based on a total of 77,244,746 shares in issue.

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About Höegh LNG:

Höegh LNG provides floating energy solutions and operates world-wide with a leading position as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs). Höegh LNG's vision is to be the industry leader of floating LNG solutions and the strategy is to continue to focus its growth plans in the FSRU market, with the objective of securing long-term contracts with strong counterparties at attractive returns. Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, South Korea, Indonesia, Lithuania, Egypt, Colombia and Turkey. The company employs approximately 115 office staff and 500 seafarers.

Contacts:

Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975 57 402
Steffen Føreid, Chief Financial Officer, Telephone +47 975 57 406
Erik Folkeson, Head of IR, Telephone +47 414 21 769

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act or the Continuing Obligations of Oslo Børs.