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Execution of binding Time Charter Contract for Hoegh Gannet with the Federal Government of Germany

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Hamilton, Bermuda, 19 January 2023 - With reference to the stock exchange notice dated 5 May 2022, Höegh LNG Holdings Ltd. ("Höegh LNG") is pleased to announce that it has signed the second binding 10-year Time Charter Contract with the German Federal Ministry for Economic Affairs and Climate Action (the "Charterer"). The floating storage and regasification unit (FSRU) Hoegh Gannet is allocated to the contract. The vessel will be located at the Elbehafen LNG project in Brunsbüttel operated by Deutsche Energy Terminal GmbH. The Elbehafen LNG project is developed by RWE and its subsidiary Elbehafen LNG in close cooperation with its partners Höegh LNG.

“We are proud to sign the second contract with the Federal Government of Germany for the new LNG import terminal in Brunsbüttel and look forward to starting operations together with RWE and the other partners.” said Erik Nyheim, the President & CEO of Höegh LNG.

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Contacts:

Erik Nyheim, President and CEO, Telephone +47 926 59 949

Håvard Furu, Chief Financial Officer, Telephone +47 991 23 443

About Höegh LNG:

Höegh LNG is a leading innovator, owner and operator of floating LNG import terminals (FSRUs) and LNG carriers. For more information, please see: www.hoeghlng.com

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