Höegh Autoliners ASA: Internal shareholder reorganisation and exemption from the mandatory bid obligation

Oslo, 29th September 2022: Leif Höegh & Co Holdings AS ("LHCH") currently holds and has the right to exercise voting rights attached to 47.97% of the shares in Höegh Autoliners ASA (the "Company", ticker code "HAUTO"). LHCH is a wholly-owned subsidiary of Leif Höegh & Co AS ("LHC"), which in turn is owned with equal holdings between Gadus SE and Pomor Shipping Norway AS. LHCH has owned more than 40.00% of the shares in the Company since its listing on 2 May 2022. Each of LHC and its wholly owned subsidiary, LHCH, has today resolved to merge the two entities with LHC as the surviving entity. Thus, the merger will not change or lead to any change of the ultimate control of the shares in the Company. The merger is subject to a creditor notice period of 6 weeks in accordance with applicable laws. Following completion of the merger, LHC will hold 91,517,841 shares in the Company, equal to 47.97% of the shares in the Company. LHCH will cease to exist and will not hold any shares in the Company. Both LHC and LHCH are classified as closely associated parties to a primary insider in the Company and further information is provided in the attached forms. The Oslo Stock Exchange, in its capacity as takeover supervisory authority, has pursuant to a decision dated 26 September 2022 resolved to grant an exemption from the mandatory bid obligation with respect to the merger as it does not constitute a change of control. Accordingly, the Oslo Stock Exchange has confirmed that the merger is a situation entailing a special exemption from the mandatory bid obligation pursuant to the section 6-2 (3) of the Norwegian Securities Trading Act, if carried out before 31 December 2022. 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 ir@hoegh.com Media contact: Jakob Stig Dyvik, Head of Communications jakob.dyvik@hoegh.com +47 919 28 321 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 375 people in its 16 offices worldwide and around 1 250 seafarers. This announcement is made in accordance with Sections 5-12 and 4-2 of the Norwegian Securities Trading Act and Article 19 of the European Market Abuse Regulation.