HÖEGH LNG: Execution of binding Time Charter Contract for Höegh Esperanza with the Federal Government of Germany

Hamilton, Bermuda, 15 December 2022 – With referance to the stock exchange notice dated 5 May 2022 Höegh LNG Holdings Ltd. ("Höegh LNG") is pleased to announce that it has signed a binding 10-year Time Charter Contract with the German Federal Ministry for Economic Affairs and Climate Action (the “Charterer”). Höegh Esperanza is allocated to the contract. The vessel will be located in Wilhelmshaven and operated by Uniper acting as agent on behalf of the Charterer.

President & CEO of Höegh LNG, Erik Nyheim, commented: “We are very pleased and honored to be signing the Time Charter Contract with the Federal Government of Germany, and look forward to working in close collaboration with Uniper in Wilhelmshaven.”

Contacts:

Erik Nyheim, President and CEO, Telephone +47 926 59 949

Håvard Furu, Chief Financial Officer, Telephone +47 991 23 443

About Höegh LNG:

Höegh LNG operates world-wide with a leading position as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs). Höegh LNG's Vision is "Enabling the transition to Clean Energy". The company is owned by Larus Holding Limited, a 50/50 joint venture between Leif Höegh & Co. Ltd.  and Funds managed by Morgan Stanley Infrastructure Partners. Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, China, Indonesia, Lithuania, Egypt, Colombia, Brazil and the Philippines. The group employs approximately 180 office staff and 680 seafarers. Please see: www.hoeghlng.com