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2015-09-10

Höegh LNG : Raises NOK 844 million (USD ~100 million) in a Private Placement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY
OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Bermuda, 10 September 2015

Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company", ticker code "HLNG")
today announces that the Company has raised NOK 844 million (USD ~100 million
equivalent) in gross proceeds through a private placement of 6,920,000 new
common shares, each with a par value of USD 0.01 at a subscription price of
NOK 122 per share (the "Private Placement").

The Private Placement took place through a bookbuilding process managed by ABG
Sundal Collier ASA, DNB Markets and Pareto Securities as Joint Bookrunners.
The Private Placement, which represents 9.90% of the current outstanding
shares, was over-subscribed at the subscription price and supported by
existing and new institutional investors.

The net proceeds to the Company from the Private Placement will provide
financial resources to support Höegh LNG's growth strategy to become one of
the world's leading providers of floating LNG services. More specifically,
the Company intends to use the net proceeds from the Private Placement to:

* Finance further growth by ordering additional FRSU newbuildings.
* For general corporate purposes.

Commenting on today's announcement, Sveinung J. S. Støhle, President&CEO of
Höegh LNG, said,"We are very pleased to have concluded this fundraising
supporting Höegh LNG's
growth strategy. With the support from existing and new shareholders, the
Company has broadened its shareholder base, increased the free float in its
share and further strengthened its financial position. This enables the
Company to take an even more active role in the growing LNG industry and
further strengthen its competitive position in the FSRU segment."

The Private Placement representing 6,920,000 new common shares was approved by
a committee of the Board of Directors of the Company in a meeting on 9
September 2015.

Notification of allotment and payment instructions for the Private Placement
has been sent to the applicants today through a notification issued by the
Joint Bookrunners. The allocated shares in the Private Placement will be
tradable on the Oslo Stock Exchange from today, 10 September 2015, through
delivery of existing unencumbered shares in the Company to the investors.

This publication is not for distribution, directly or indirectly, in or into
the United States, nor is it an offer for sale of or the solicitation of an
offer to purchase securities in the United States. Any securities referred to
herein have not been registered under the U.S. Securities Act of 1933, as
amended (the "U.S. Securities Act"), and may not be offered or sold in the
United States absent registration or pursuant to an exemption from
registration under the U.S. Securities Act. Höegh LNG Holdings Ltd. does not
intend to register any portion of the offering of the securities in the
United States or to conduct a public offering of the securities in the United
States. Copies of this publication are not being, and may not be, distributed
or sent into the United States.

* * *

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). The Company has developed
low-cost solutions for floating liquefaction terminals (FLNG) 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 its growth plans on the FSRU and the FLNG 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 100 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 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

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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

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