Höegh Autoliners ASA - Mandatory notification of trade

23 May 2023: Reference is made to the stock exchange notice published on 23 May 2023 regarding a potential sale of existing shares in Höegh Autoliners ASA (the “Company”) by Leif Höegh & Co AS (“LHC” or the “Vendor”) through a private placement (the “Placing”). The Vendor has today sold 12,250,000 shares in the Company through the Placing (representing approximately 6.4% of the share capital and votes in the Company) at a price of NOK 62.50 per share. Following completion of the Placing, the Vendor holds 79,267,841 shares in the Company, representing approximately 41.5% of the share capital and votes in the Company. LHC is a person closely associated with Leif O. Høegh, (Chairman of the Board of Directors of Höegh Autoliners), Morten W. Høegh (Deputy Chairman of the Board of Directors of Höegh Autoliners) and Martine Vice Holter (member of the Board of Directors of Höegh Autoliners). The Vendor has entered into a 180-days customary lock-up with the Managers (as defined below) on the remaining shares in the Company held by the Vendor after the Placing. ABG Sundal Collier ASA and Skandinaviska Enskilda Banken AB (publ.) acted as joint bookrunners in connection with the Placing (the “Managers”). Advokatfirmaet Thommessen AS acted as legal adviser to LHC. Please see attached notification form for further details. This disclosure is made pursuant to article 19 of the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act