Höegh Autoliners ASA – Exercise of option to purchase Höegh Copenhagen

12 Mar 2025 15:26 CET

Oslo, 12 March 2025: Höegh Autoliners ASA ("Höegh Autoliners" or the "Company",
ticker code: "HAUTO") has declared an option to purchase the leased vessel Höegh
Copenhagen (IMO 9420057) for a purchase price of USD 36.5 million from its
Owner. The average market value of the vessel was USD 79 million by the end of
2024. The Company plans to finance the vessel by drawing on existing credit
facilities.

Höegh Copenhagen was built by Höegh Autoliners at Daewoo Shipbuilding & Marine
Engineering (“DSME”) in 2010 and has a capacity of 7,850 CEU. The vessel is
recognized as one of the core vessels in our fleet and will continue to be a
part of Höegh Autoliners’ deep-sea network upon transfer of ownership in August
2025.

Andreas Enger, CEO of Höegh Autoliners, comments: “The purchase of Höegh
Copenhagen will realize value gains from taking direct ownership to a leased
vessel. With this purchase the company has exercised eight purchase options in
three years. Each of these transactions have reduced our capacity cost and
strengthened our balance sheet. They are all included in an attractive and
accretive financing structure with our core banks.”


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
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 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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