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

Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company", ticker "HLNG") today announces that the Company has raised NOK 1,200 million (ca USD 200 million equivalent) in gross proceeds through a private 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 "Private Placement").

The Private Placement took place through a bookbuilding process and was managed by DNB Markets, ABG Sundal Collier Norge ASA, and Pareto Securities AS as Joint Bookrunners. The Private Placement, which represents approximately 48.16 percent of the current outstanding share capital, was well oversubscribed at the issue price and was supported by existing institutional investors, as well as new institutional investors.

The net proceeds to the Company raised in the Private Placement will provide financial resources to finance existing and additional FSRU newbuildings and further growth in line with the Company's strategy for Höegh LNG to become one of the world's leading providers of floating LNG services.

Commenting on today's announcement, Sveinung Støhle, President & CEO of Höegh LNG, said, "We are very pleased to have concluded this fundraising supporting Höegh LNG's growth strategy. The support from existing shareholders and the interest from new institutional investors have provided us with a broader shareholder base, increased free float and a stronger financial position. This further strengthens our capital base and improves our position in the very favourable and growing LNG industry, and confirms our unique position as one of the three leading companies within the Floating LNG regasification segment."

The Private Placement and the issue of 22,641,509 new shares was resolved by a committee of the Board of Directors of the Company in a meeting on 2 February 2012.

Notification of allotment and payment instructions for the Private Placement will be sent to the applicants on or about 3 February 2012 through a notification to be issued by the Joint Bookrunners. Delivery of allocated shares will be made by delivery of existing unencumbered shares in the Company in order to facilitate delivery of listed shares to investors, expected to be tradable on or about 3 February 2012.

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 shares in the Company will trade excluding the right to participate in the Subsequent Share Offering from today, 3 February 2012.

****

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 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

****

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 under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. Höegh LNG Holdings Ltd. does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this publication are not being, and may not be, distributed or sent into the United States.

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.