Höegh LNG - Norman Lady - redelivery and sale

With reference to the stock exchange notice dated 25 May 2012 in relation to the extension of the Norman Lady charter, Höegh LNG will through its 50/50 joint venture company Methane Carriers Ltd. take redelivery of the Norman Lady on 15 September 2013. The redelivery follows a successful 14 year charter with Gas Natural Aprovisionamientos SDG (Gas Natural) of the vessel built in 1973.

The Owners have decided to sell the vessel for green recycling to an undisclosed, but renowned buyer. As part of the agreement, the buyer has undertaken to comply with Höegh LNG's Green Recycling Specification. The specification ensures the vessel being recycled in an environmentally sound manner at a yard approved by Höegh LNG and which operates and complies with all relevant international rules and guidelines for the recycling of vessels.

The vessel is scheduled for delivery by the end of October and the sale will contribute with a net positive effect on Höegh LNG's result for 2013.

Höegh LNG's President and Chief Executive Officer, Sveinung J.S. Støhle, said in a comment: "We are very happy with this recycling transaction since it concludes appropriately the end of Norman Lady's long and successful trading life for both Höegh LNG and MOL".


About Höegh LNG

Höegh LNG is a provider of floating LNG infrastructure services, offering regasification, transportation and production services under long-term contracts.  The company operates a fleet of two floating storage and regasification units (FSRUs) which act as floating LNG import terminals, and six LNG transportation vessels. In addition, Höegh LNG has four new FSRUs on order and has developed a solution for floating LNG production (FLNG).  Höegh LNG is a Bermuda based company with established presence in Oslo, Singapore, London, Tampa and Jakarta.  The company employs about 85 office staff and 350 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
Arild Jæger, Vice President, Strategy and Investor Relations, Telephone +47 975 57 408

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.