Höegh LNG : Management stock option plan - Exercise of options and share issue

Reference is made to Höegh LNG Holdings Ltd.'s ("Höegh LNG" or the "Company") stock exchange notices where the Company announced its Stock Option Program for senior management and key employees dated 2 February 2012 (Round 1) and 4 February 2014 (Round 2).

A total of 34,004 options with a strike price of NOK 48.9 granted to a number of option holders in Round 1 have been exercised together with a total of 59,999 options with a strike price of NOK 42.9 granted to a number of option holders in Round 2 (both strike prices have been adjusted for dividends paid as provided for in the stock option agreements).

The Company has resolved to settle the exercise of options by way of delivering shares with payment in kind settlement of the strike price by way of withholding shares with an equivalent market value, and will issue 47,136 new common shares at par value to the option holders.

Included in the above is the issuance of shares to primary insider Richard Tyrrell, CEO/CFO of Höegh LNG Partners LP. Tyrrell has exercised 33,333 options at a strike price of NOK 42.9 granted to him in Round 2. Following the transaction, Richard Tyrrell has 17,515 shares and 76,917 options in the Company.

After the exercise of the above options, the total number of options outstanding in Höegh LNG is 2,822,009.

Following the issuance of the new shares, the issued share capital of Höegh LNG will be USD 768,763.72 consisting of 76,876,372 fully paid common shares, each with a par value of USD 0.01.

* * *

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 Oslo, Singapore, London, Miami, Jakarta, Klaipeda and Cairo. 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