Höegh LNG - USD 288 million debt facilities agreement

Höegh LNG has entered into a USD 288 million debt facilities agreement providing 50 % funding for the two regasification vessels on order at Hyundai Heavy Industries Co. Limited for up to three years after delivery.  The facilities agreement may also be used to fund up to two additional vessels covered by the option agreement with Hyundai when the vessel(s)on order have been refinanced.  Long-term project financing will be raised for each of the new regasification vessels once employment is secured.

The debt facilities agreement confirms the financing offers received in connection with the ordering of the regasification vessels in June 2011.

The facilities agreement has been arranged by Citigroup Global Markets Limited, Credit Agricole Corporate and Investment Bank, DNB Bank ASA, Danske Bank A/S and Nordea Bank Norge ASA.

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 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 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 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.