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Höegh LNG : Sale of shares by Primary Insiders following Settlement of Round 1 of Management Stock Option Plan

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Hamilton, Bermuda, 25 January 2017 - Reference is made to Höegh LNG Holdings Ltd.'s ("Höegh LNG" or the "Company") stock exchange notice dated 5January 2017 where the Company informed about the share issue following the settlement of Round 1 of the Management Stock Option Plan which expired 31 December 2016.

1. Sale of shares

In order to settle applicable taxes in connection with the award of options and for other purposes, the following primary insiders have sold a number of shares as further set out below:

  • Steffen Føreid, CFO: sold 6,286 shares
  • Ragnar Wisløff, CDO: sold 15,368 shares
  • Vegard Hellekleiv, CCO: sold 6,285 shares
  • Øivin Iversen, CTO: sold 3,561 shares
  • Stephan Tschudi-Madsen, Senior Executive Officer: sold 15,364 shares
  • Camilla Nyhus-Møller, SVP Legal & Compliance: sold 2,374 shares

The transactions were completed in the period CET 10:58:44 to 13:05:15 at an average price of NOK 96.7543 per share.

3. New holding

The total ownership interests subject to disclosure requirements held by the primary insiders following the above transactions are as follows:

  • Steffen Føreid, CFO: 30,805 shares and 179,200 options in Höegh LNG. In addition, Føreid owns 5,630 common units and 9,198 Phantom Units in Höegh LNG Partners LP.
  • Ragnar Wisløff, CDO: 23,934 shares and 165,600 options in Höegh LNG. In addition, Wisløff owns 4,280 common units and 4,000 Phantom Units in HMLP.
  • Vegard Hellekleiv, CCO: 32,364 shares and 165,600 options in Höegh LNG. In addition, Hellekleiv has been granted 4,000 Phantom Units in HMLP.
  • Øivin Iversen, 5,346 shares and 165,600 options in Höegh LNG.
  • Stephan Tschudi-Madsen, Senior Executive Officer: 23,589 shares and 100,000 options in Höegh LNG and 5,000 common units in HMLP
  • Camilla Nyhus-Møller, SVP Legal & Compliance: 596 shares and 45,375 options in Höegh LNG and 4,124 Phantom Units in HMLP.

In addition, Steffen Føreid, Ragnar Wisløff, Vegard Hellekleiv, Øivin Iversen and Stephan Tschudi-Madsen have ownership interests in Höegh LNG through Methane Ventures Limited.

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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, China, Lithuania, Egypt, Colombia and Turkey. 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

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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