Höegh LNG - Stock Option Program Round 2 - Mandatory notification of trade

Reference is made to stock exchange notice dated 2 February 2012 where Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company") announced the introduction of a Stock Option Program for senior management and key employees with the intention to make option grants on a bi-annual basis. A total of 822,000 options have been granted in the first round of stock options ("Round 1").

The Board of Directors of the Company has today approved to grant 1,290,000 shares in the Company at a fixed strike price in a second round of stock options ("Round 2").

The strike price in Round 2 is NOK 47, which is equal to the average closing price over the last five trading days prior to the date of award of the options. The options will vest with one third on 31 December 2014, 2015 and 2016, respectively. The options are non-tradable and conditional upon the participant being employed by the Company or its subsidiaries at the vesting date. Subsequently recruited employees may be invited to participate in the Stock Option Program.
After the issuance of new stock options in Round 2, the total number of options issued in Höegh LNG is 2,172,000.

The primary insiders of the Company listed below have been granted options in Round 2. The total number of shares (if any) and options held by the primary insiders following the option grant are included in brackets.
 
· Sveinung Støhle, President and CEO: 300,000 options (10,946 shares and 500,000 options)
· Steffen Føreid, CFO: 130,000 options (414 shares and 200,000 options)
· Ragnar Wisløff, CCO: 100,000 options (2,625 shares and 170,000 options)
· Vegard Hellekleiv, CTO: 100,000 options (1,972 shares and 170,000 options)
· Stephan Tschudi-Madsen, CAO: 100,000 options (2,276 shares and 170,000 options)
· Øivin Iversen, CEO Höegh FLNG Ltd.: 100,000 options (789 shares and 117,000 options)
· Camilla Nyhus-Møller, SVP Legal & Compliance: 30,000 options (47,000 options)

In addition, the above primary insiders have ownership interests in Höegh LNG through Methane Ventures Limited.
 
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 four 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.