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Höegh LNG - Interim results for the quarter ended 30 June 2016

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Highlights

  • EBITDA  of USD 27.0 million, up from USD 26.6 million in the previous quarter
  • Profit after tax USD 3.5 million, down from USD 6.3 million in the previous quarter
  • Dividend of USD 0.10 per share paid for the second quarter of 2016

Subsequent events

  • Dividend of USD 0.10 per share declared for the third quarter of 2016
  • Signed engineering agreements and ordered long lead time equipment for the first FSRU conversion project

The President and CEO of Höegh LNG Holdings Ltd. ("Höegh LNG"), Sveinung J. S. Støhle, said in a comment: "By maintaining solid operating performance, evidenced by 99% technical availability for the second quarter of 2016, we continue to deliver stable operating results and cash dividends. Höegh Grace is on schedule to commence commercial operations in the fourth quarter, after which the vessel is available for a potential drop down to Höegh LNG Partners LP assuming the MLP market is available. To capture additional business opportunities in 2017 and 2018, Höegh LNG has ordered critical equipment for our first FSRU conversion project which will have a potential delivery date late 2017/early 2018."

Link to the webcast for the second quarter of 2016:
http://webtv.hegnar.no/presentation.php?webcastId=36207892

Call-in details for the Q&A session:
Norway +47 23 50 01 87
United Kingdon +44 (0)20 3364 5726
United States +1 719-325-2238
Participant passcode: 056929

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 growth plans on the FSRU market, with the objective of securing long-term contracts with strong counterparts at attractive returns. Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, Indonesia, Lithuania, Egypt and Colombia. The company employs approximately 110 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
Birgitte Hjertum, VP Strategy, Communication and Investor Relations, Telephone +47 975 57 432

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

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