Höegh Autoliners signs 5-year freight contract with major Asian car producer

20 Apr 2023 12:45 CEST

Oslo, 20 April 2023: Höegh Autoliners ASA ("Höegh Autoliners" or the "Company",
ticker code “HAUTO”) has signed a 5-year contract with a major Asian OEM for the
transport of cars from Asia to Europe. The contract has significant value over a
5-year period and shipments under the contract will commence in April 2023.

Andreas Enger, CEO of Höegh Autoliners, commented: “The signing of this contract
marks a milestone and confirms our strategy of building long term relationship
with customers in our core trade networks. Building a sustainable contract
backlog and working strategically with major OEMs to solve their long-term
transportation needs is our top priority and how we want to deploy a major
portion of our capacity. Starting next year, we will take delivery of the Aurora
class vessels and our customers will benefit from transporting their cargo with
vessels with the lowest carbon footprint in the industry”.

For further information, please contact:

Andreas Enger, CEO
andreas.enger@hoegh.com
+47 901 31 228

Per Øivind Rosmo, CFO
per.oivind.rosmo@hoegh.com
+ 47 400 39 938

Investor Relations
ir@hoegh.com

Media contact:
Camilla Knappskog, Head of Communications
camilla.knappskog@hoegh.com
+47 926 66 156

About Höegh Autoliners:

Höegh Autoliners is a leading global provider of RoRo (Roll On Roll Off)
transportation services delivering cars, high and heavy and breakbulk cargoes
across the world. The Company operates around 40 RoRo vessels in global trade
systems and makes about 3 000 port calls each year. Our purpose is to develop
innovative solutions for greener and more sustainable deep sea transportation.
We are on a path to a zero emissions future and are working closely with
customers and partners to achieve this. Höegh Autoliners has its head office in
Oslo, Norway and employs around 390 people in its 16 offices worldwide and
around 1 170 seafarers.

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