Höegh LNG : Relocation of the Medan LNG Floating Storage and Regasification Unit

Reference is made to stock exchange notices dated 17 June and 7 December 2011, where Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company") informed about the Medan LNG Floating Storage and Regasification Unit ("FSRU") project in North Sumatra, Indonesia.

Furthermore, reference is made to the stock exchange notice dated 25 January 2012, where Höegh LNG announced the signing of a firm and final agreement with PT Perusahaan Gas Negara ("PGN") to provide PGN with an FSRU and mooring system offshore Belawan, near the city of Medan, in North Sumatra, Indonesia.

PGN has concluded to change the location of the FSRU from offshore Belawan to offshore Labuhan Maringgai on the East coast of South Sumatra where two subsea pipelines owned and operated by PGN are crossing the Sunda Straits to West Java. The 20 year firm charter party with two five year extension options remains in full force and effect. The charter party include provisions for a relocation. This change of location will as far as the Company is informed not impact the project schedule.

President and Chief Executive Officer, Sveinung Støhle, says:

"The rights and obligations in the agreement with PGN signed on 25 January this year remain unchanged and we will continue the work together with PGN to complete the project at the new location.  In fact, the ability to accommodate a change of site only underscores the high degree of technical flexibility our FSRU solutions offers to our customers."

About Höegh LNG

Höegh LNG is a fully integrated floating LNG services company with almost 40 years 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 carriers and two floating storage and regasification units (FSRUs).  In addition to transporting LNG, the FSRUs act as floating LNG import terminals delivering natural gas to the market.  Höegh LNG has three FSRUs on order at Hyundai Heavy Industries.  The company holds a significant project development portfolio for 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 Chief Executive Officer, Telephone +47 975 57 402
Steffen Føreid, Chief Financial Officer, Telephone + 47 975 57 406
Arild Jæger, Head of 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.