Höegh Autoliners signs 2-year contract with a major international car producer

29 Nov 2024 08:30 CET

Oslo 29 November 2024: Höegh Autoliners ASA ("Höegh Autoliners" or the
"Company",
ticker code “HAUTO”) has signed a two-year contract with a major international
car producer for transport of cars in various trade lanes. The contract is a
two-year extension of an existing contract, now updated with new commercial
terms reflecting the current market. Shipments under the extended contract will
commence on January 1, 2025.

Andreas Enger, CEO of Höegh Autoliners, commented: “The extension of this
contract, with substantial cargo volumes in several of our core trade lines,
represents another important milestone in our efforts to build a solid contract
backlog and support strategically important customers. We have historically a
long-term relationship with this customer and are delighted that they have once
again chosen Höegh Autoliners as a core supplier for deep sea transport of their
products for the next two years.

Höegh Autoliners is on a clear path to reducing carbon footprint from transport
of cars and rolling equipment between continents. With two of our Aurora class
vessels now in operation and ten more set to enter the fleet the next 2-3 years,
we can offer our customers one of the most sustainable and environmentally
friendly transport solutions in the industry.”

This announcement is a part of our effort to increase transparency through a
practice of disclosing a monthly trading update and new contracts with mutual
rate and volume commitments exceeding a total value of USD 100 million.

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:
My Linh Vu, Head of Finance, Treasury and IR
my.linh.vu@hoegh.com
Ir@hoegh.com
+47 486 48 086

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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