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2016-02-29

Höegh LNG: Höegh LNG - Interim results for the quarter ended 31 December 2015

Highlights

* EBITDA of USD 24.6 million, compared to USD 26.6 million in the previous
quarter
* Profit after tax USD (33.0) million after a USD 37.0 million impairment of
FLNG investments
* Paid dividend of USD 0.10 per share for the fourth quarter 2015
* Completed the sale of the FSRU Höegh Gallant to Höegh LNG Partners LP

Subsequent events

* Received firm commitments for the debt financing of FSRU#7
* Declared dividend of USD 0.10 per share for the first quarter 2016
* Decided to put FLNG activities on hold and allocate its FLNG resources to
the FSRU segment

The President and CEO of Höegh LNG Holdings Ltd. ("Höegh LNG" or the
"Company"), Sveinung J. S. Støhle, said in a comment: "The stable EBITDA is a
result of the Company's strong operating performance, currently with five
FSRUs in operations world-wide. The terms of the debt financing for FSRU#7
reflects Höegh LNG's leading position in the FSRU segment and demonstrates
the Company's strong position in the international bank market. We continue
to see very favourable market conditions for the FSRU segment, driven by
ample LNG supplies and low LNG prices, which is why Höegh LNG will focus on
its objective of reaching 12 FSRUs by 2019."

Link to the webcast for fourth quarter
2015:http://www.hoeghlng.com/Pages/Investor.aspx#Webcasts-5

About Höegh LNG:

Höegh LNG provides floating energy solutions and operates world-wide with a
leading position as owner and operator of floating LNG import terminals;
floating storage and regasification units (FSRUs), and is one of the most
experienced operators of LNG Carriers (LNGCs). Höegh LNG's vision is to be
the industry leader of floating LNG solutions and the strategy is to continue
to focus growth plans on the FSRU market, with the objective of securing
long-term contracts with strong counterparts at attractive returns. Höegh LNG
is a Bermuda based company with established presence in Oslo, Singapore,
London, Miami, Jakarta, Klaipeda and Cairo. The company employs approximately
110 office staff and 500 seafarers

Contacts:

Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47
975 57 402
Steffen Føreid, Chief Financial Officer, Telephone + 47 975 57 406
Birgitte Hjertum, VP Strategy, Communication and Investor Relations, Telephone
+47 975 57 432

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

HLNG 2015 Q4 report
http://hugin.info/143849/R/1990004/730993.pdf
HLNG 2015 Q4 presentation
http://hugin.info/143849/R/1990004/730992.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Höegh LNG via Globenewswire

HUG#1990004

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