Höegh LNG - Contemplated private placement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES

Oslo, 2 February 2012

Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company", ticker "HLNG") has retained DNB Markets, ABG Sundal Collier Norge ASA and Pareto Securities AS (collectively referred to as the "Joint Bookrunners") to advise on and to effect a private placement of new shares directed towards Norwegian and international investors after the close of trading on the Oslo Stock Exchange today (the "Private Placement").

The gross proceeds to be raised in the contemplated Private Placement are expected to amount of from NOK 800 to NOK 1,200 million, or USD ~140 to USD ~200 million equivalent. The price to be paid per new share in the Private Placement will be set on or around close of market price 2 February 2012 based on an accelerated bookbuilding process. The minimum order has been set to the number of shares that equals an aggregate purchase price of at least EUR 50,000 or NOK 400,000 equivalent.

The net proceeds to the Company to be raised in the Private Placement will provide financial resources to finance existing and additional FSRU newbuildings and further growth in line with the Company's strategy to become one of the world's leading providers of floating LNG services.

The bookbuilding period opens today at 17:30 CET (2 February 2012) and closes on 3 February 2012 at 08:00 CET. The Company and the Joint Bookrunners may, however, at any time resolve to close or extend the bookbuilding period at their sole discretion, but it will in no event close earlier than 2 February 2012 at 19:00 CET.

The Company will announce the number of shares placed and the final subscription price in the Private Placement through a stock exchange notice expected to be published before opening of the trading on the Oslo Stock Exchange tomorrow, 3 February 2012.

Notification of allotment and payment instructions will be sent to the applicants on or about 3 February 2012 through a notification to be issued by the Joint Bookrunners. Settlement of the allocated shares is expected to take place through a delivery versus payment transaction on or about 8 February 2012.

Barring unforeseen circumstances, allocated shares are expected to be transferred to the applicants' accounts with the Norwegian Central Securities Depository ("VPS") by the Joint Bookrunners on or about 8 February 2012. Delivery of allocated shares will be made by delivery of existing unencumbered shares in the Company in order to facilitate delivery of listed shares to investors.

The Board of Directors, or a committee of the Board of Directors, will resolve the share issue following the close of the bookbuilding period.

Subject to completion of the Private Placement, the Company will implement a subsequent share offering directed towards existing shareholders of the Company as of 2 February 2012 holding 40,000 shares or less, and who does not participate in the Private Placement and who are not resident in a jurisdiction where such offering would be unlawful, or for jurisdictions other than Norway, would require any filing, registration or similar action (the "Subsequent Share Offering"). The subscription price in the Subsequent Share Offering will be the same as in the Private Placement.

About Höegh LNG:

Höegh LNG is a fully integrated floating LNG services company with almost 40 years of experience, offering long-term floating production, transportation, regasification and terminal solutions for the liquefied natural gas (LNG) market. The Company operates a fleet of five LNG marine transportation vessels and two shuttle and regasification vessels (SRVs).  In addition to transporting LNG, the SRVs act as floating regasification terminals delivering natural gas to the market.

The Company holds a significant project development portfolio for both floating regasification as well as floating LNG production (FLNG).  Headquartered in Oslo, Norway, Höegh LNG has established presence in Singapore, London and Florida. In total the Company employs about 70 office staff and about 350 sea farers.

Contacts

Sveinung Støhle, President and CEO +47 975 57 402

Steffen Føreid, CFO + 47 975 574 06

Arild Jæger, Investor Relations, Telephone +47 975 57 408

This publication is not for distribution, directly or indirectly, in or into the United States, nor is it an offer for sale of or the solicitation of an offer to purchase securities in the United States. Any securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. Höegh LNG Holdings Ltd. does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this publication are not being, and may not be, distributed or sent into the United States.