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

Oslo, 3 February 2012

Reference is made to stock exchange notice today, 3 February 2012, where Höegh LNG Holdings Limited ("Höegh LNG" or the "Company", ticker "HLNG") informed about the completed Private Placement raising NOK 1,200 million (USD ~200 million equivalent) in gross proceeds through the placement of 22,641,509 new shares, each with a par value of USD 0.01 at a price of NOK 53 per share.

The Company will implement a subsequent share offering at NOK 53 per share (the "Subsequent Share Offering"). The Subsequent Share Offering will be directed towards existing shareholders of the Company as of 2 February 2012 holding 40,000 shares or less, and who did 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 Company estimates that the total number of new shares to be offered in the Subsequent Share Offering will be 753,641 shares. However, the exact number of new shares to be offered in the Subsequent Share Offering will be announced on or around 9 February 2012. The shares in the Company will trade excluding the right to participate in the Subsequent Share Offering from today, 3 February 2012.

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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 has three floating storage and regasification vessels (FSRUs) on order at Hyundai Heavy Industries. 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

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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.

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.