Höegh Autoliners signs two multi-year contracts with two major international car producers.

17 Jan 2025 07:30 CET

Oslo, 17 January 2025: Höegh Autoliners ("Höegh Autoliners" or the "Company",
ticker code “HAUTO”), has secured two long-term contracts with two major
international car producers for the transport of cars in our key trade lanes.
One contract lasts until April 2029, while the other has a duration of 2 years
with another 2-year option. Both contracts are signed at rates and terms
reflecting the current market level. Shipments under the new contracts commence
in January and May 2025.

Andreas Enger, CEO of Höegh Autoliners, comments: “We are pleased to be chosen
again as the preferred shipping partner for these two world-leading car
producers, with whom we have a long-standing relationship. These contracts
represent another important milestone in our ongoing efforts to build a solid
contract backlog and support strategically important customers.

Höegh Autoliners has taken a leading role in the deep-sea car transportation
industry in terms of reducing our own, and our customers' carbon footprint. With
four Aurora class vessels in full operation, and eight more to enter the fleet
over the next 2-3 years, we are confident in offering 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 exceeding a
total value of USD 100 million.

For further information, please contact:
Andreas Enger, CEO
andreas.enger@hoegh.com
+47 901 31 228

Espen Stubberud, CFO
espen.stubberud@hoegh.com
+47 400 39 753

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 more than 2 000 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 460 people in its 16 offices
worldwide and around 1 200 seafarers.

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