Höegh LNG – The floating LNG services provider

4Q 2016Presentation of financial results

28 February 2017

Forward looking statements

2

This presentation contains forward-looking statements which reflects management’s current expectations, estimates and projections aboutits operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or mayoccur in the future are forward-looking statements. Words such as “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,”“forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue” or the negative of these terms and similar expressions areintended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject tocertain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomesand results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place unduereliance on these forward-looking statements, which speak only as of the date of this presentation. Unless legally required, Höegh LNGundertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events orotherwise.

Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changesin LNG transportation and regasification market trends; changes in the supply and demand for LNG; changes in trading patterns; changesin applicable maintenance and regulatory standards; political events affecting production and consumption of LNG and Höegh LNG’sability to operate and control its vessels; change in the financial stability of clients of the Company; Höegh LNG’s ability to win upcomingtenders and securing employment for the FSRUs on order; changes in Höegh LNG’s ability to convert LNG carriers to FSRUs includingthe cost and time of completing such conversions; changes in Höegh LNG’s ability to complete and deliver projects awarded; increases inthe Company’s cost base; changes in the availability of vessels to purchase; failure by yards to comply with delivery schedules; changesto vessels’ useful lives; changes in the ability of Höegh LNG to obtain additional financing, in particular, currently, in connection with theturmoil in financial markets; the success in achieving commercial success for the projects being developed by the Company; changes inapplicable regulations and laws; and unpredictable or unknown factors herein also could have material adverse effects on forward-lookingstatements.

Highlights / markets / summary

Key financials

Appendix

3

Sveinung J.S. StøhlePresident & CEO

An eventful end to 2016 and start to 2017

4

Subsequent events

Signed shipbuilding contracts with Hyundai HI for an FSRU with delivery in 4Q 2018

Placement of NOK 1,500 million in the Nordic bondmarket

HoA with Qatar Petroleum, ExxonMobil, Total and Mitsubishi Corp covering terminal infrastructure for theGEI project in Pakistan

Potential delay for the GNL Penco FSRU project

Declared dividend of USDc 12.5 per share for the first quarter of 2017, up 25% from the previous quarter

4Q 2016 highlights

Improving underlying results: EBITDA of USD 31.2 million and net profits of USD 0.8 million

Signed a 20-year FSRU charter agreement withQuantum Power for Ghana

Signed a 20-year FSRU charter agreement with Global Energy Infrastructure (GEI) for Pakistan

Höegh Grace successfully commenced commercialoeprations

Sale of 51% equity interest in Höegh Grace to Höegh LNG Partners and successful public offering of commonunits in Höegh LNG Partners

LOI and subsequently signed shipbuilding contract for one firm and three optional FSRUs at Samsung HI

10 10 10 1012,5

1Q16 2Q16 3Q16 4Q16 1Q17

Dividend (USDc/share)

25 27 27 2631

4Q15 1Q16 2Q16 3Q16 4Q16

EBITDA (USDm)

Solid operational track record

5

FSRUs in operation: 6

LNG carriers in operation: 2

Total regas capacity: 3.4 Bcf/day

Average age, FSRU fleet : ~4.5 years

Close to full technical availability and zero lost time injuries recorded for 2016

FSRUs under construction: 4

Total regas capacity, orderbook: 3.25 Bcf/day

99,9 % 99,7 % 100,0 % 99,9 % >99,5 %

2013 2014 2015 2016 Target

Technical availability

1,07

0,44

0,73

0,00

<1,00

2013 2014 2015 2016 Target

LTIF1

1 Lost Time Injury Frequency

Delivering in accordance with strategy

6

Orderednewbuilding

Orderednewbuilding

Long-term contract

Long-term contract

•20 year contract with GEI in Pakistan with startup 2Q 2018

•Annual EBITDA: USD 36 million

•Signed LOI for one plus three optionalFSRU newbuildings

•Firm agreementsigned 17 January2017

•20 year contract withQuantum Power in Ghana with startup2018

•Annual EBITDA: USD 36 million

•Signed shipbuildingcontract for one FSRU newbuilding

•Delivery 4Q 2018

Refinancedbond

•Issued new 5yr NOK 1,500 million senior unsecured bond

•13% buyback ofHLNG01

Raised equity in HMLP

•Sold 51% of Höegh Grace to HMLP

•HMLP raised USD 112 million

Fina

ncin

gm

ilest

ones

Com

mer

cial

mile

ston

es

Statoil4 % Total

4 %Engie9 %

GNL  Penco14 %

Klaipedos  Nafta7 %

SPEC17 %

PGN LNG14 %

EGAS3 %

Quantum Power14 %

GEI14 %

Increasing diversification as revenue backlog grows

Revenue backlog of USD 6.2 billion1

14 years average remaining tenor

QP and GEI contracts further diversifybacklog Each contract for 20 years with an average

EBITDA contribution of USD 36 million annually

No contract exceeding 17% of backlog

55% of backlog from counterpartsoperating in investment grade countries(Norway, France, Colombia, Chile, Lithuania)

7

Charter backlog1 by charterer

1 Proportionate method

Ghana FSRU to import competitively priced LNG

Key terms: 20 + 5 years, EBITDA USD ~36m annually, startup 2Q 2018

Counterpart: Quantum Power (QP), FSRU #7

Strategic rationale: Replace expensive liquid oil products withLNG and to cover energy deficit in power generation

Structure: HLNG charters FSRU to QP, which builds the mooring system and pipeline to shore. QP has the Tolling Agreement with GNPC where GNPC pays a fixed fee to QP for the FSRU, pipeline and other infrastructure services. GNPC imports LNG and sellsregasified LNG to the end consumers

8

Source: Navionics maps, Quantum Power

New pipeline to be providedby Quantum Power

FSRU site

Port of Tema and the offshore FSRU infrastructure

Spread mooring system (QP)

Pipeline to shore (QP)

Pakistan FSRU project on schedule for mid 2018 startup

9

Key terms: 20 + 5 + 5 years, EBITDA USD ~36m annually, startup 2Q 2018

Counterpart: Global Energy Infrastructure (GEI), FSRU#9

Rationale: Cover energy deficit in power production and industry by using low cost LNG

HoA between a consortium ofQatar Petroleum, ExxonMobil, Total, Mitsubishi Corp. and Höegh LNG for the constructionof the terminal less FSRU

Structure: GEI has LNG purchase agreements (Qatargas) and will sell the regasified LNG in the domestic market. HLNG charters the FSRU to GEI, the consortium provides the terminal infrastructure to GEI under a Tolling Agreement

FSRU site

Source: Navionics maps

Easy accessfrom sea

Port Qasim and the GEI FSRU project

16 km offshore pipeline route, to be constructed

by the consortium

Independence-like jetty to be constructed by the consortium

Onshore gas grid

LNG from world markets

Onshorefacilities

A larger fleet provides for greater flexibility

10

* LNGC** 100% basis. Vessels are partly owned.*** Intermediate trading assumed**** 51% of the vessel has been dropped down to HMLP. Remaining 49% assumed to be dropped down.

Vessel Built EBITDA Charterer

USDm/yr 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2023 2032 2025 2034 2027 2036 2029 2038

Höegh LNG HoldingsArctic Princess* 2006 19** Statoil

Arctic Lady* 2006 19** Total

Independence 2014 47 KN

FSRU#7*** 2017 36 Quantum Power

FSRU#8*** 2018 36 Penco LNG

FSRU#9 2018 36 GEIL

FSRU#10 2019

Option 1, 2 and 3 2019/2020 (indicate delivery slots)

Höegh LNG PartnersNeptune 2009 33** Engie

GDF Suez Cape Ann 2010 33** Engie

PGN FSRU Lampung 2014 40 PGN

Höegh Gallant 2014 38 Egas

Höegh Grace**** 2016 42 SPEC

Long-term contract Extension option Intermediate contract Under construction

* 100% basis

Contract overview

Asset base and contract allocation Current allocation:

FSRU #7: Quantum Power, Ghana

FSRU #8: Penco LNG, Chile

FSRU #9: GEI, Pakistan

FSRU #10: Uncommitted

Penco LNG update: Timelinecould be changed

Strength of flexibility: In thecase of a delayed start-up in Chile, fleet allocation could be changed with FSRU #8 allocatedto another project from thecompany’s backlog of existing or ongoing tenders for new projects

Several projects in tenders/earlyprocess with start-up in thesecond half of 2018 and 2019

Highlights / markets / summary

Key financials

Appendix

11

Sveinung J.S. StøhlePresident & CEO

LNG volumes expanding on liquefaction capacity additions

LNG production rose by 17mt, or by ~7%, in 2016 The first year of meaningful growth

since 2011

Liquefaction capacity was 37mt higher y/y at end-2016; utilizationof newly added capacity to increase in 2017

35 countries imported LNG in 2016, up from 18 ten years ago

Several countries started importing LNG in 2016 : Colombia, Jamaica, Pakistan

12

Liquefaction capacity and production 2000 - 2022

Source: Clarksons Platou, Shell LNG outlook 2017

Incremental volumes shipped to new markets

13

Source: Shell LNG outlook 2017

New market entrants clearly prefer FSRUs for their LNG imports

14

~80% FSRUs

~65% FSRUs

Mostly land based

terminals

New markets1

Recentmarket

entrants2,3

EstablishedLNG markets

LNG importing countries: Existing and planned/potential

Already have FSRUsFSRUs planned or under constructionHave FSRUs, but market is dominated by land based terminals

Source: Cheniere 3Q16 presentation, amended by Höegh LNG

LNG volume growth mirrored by increase in FSRU contract awards

2011 2012 2013 2014 2015 2016

BW Gas

Excelerate

Golar LNG

Sum 3 2 2 4 3 6

15

Long-term FSRU contract award1

.1 Does not include cancelled projects, contract renewals and sublets

Pipeline of around 40 projects around the globe

ExistingUnder construction / awardedPotential More than 40 projects in pipeline

16

More fragmented competition, but limited orderbook

The orderbook stands at 12 FSRUs, of which 4 areuncommitted

Uncommitted FSRUs (4 newbuildings, 1 existingvessel) compare to 14% ofthe total fleet and orderbook of FSRUs

Four existing FSRUs are serving contracts that are about to expire, or at contracts with undetermined timelines

17

6

87

1 1

1

3 1

1

3

1

1

2

0

2

4

6

8

10

12

Höegh LNG Excelerate Golar LNG BW Gas Other

Units

FSRU fleet and orderbook1 by owner and employment

On contract Available Committed NB Uncommitted NB

OLT

MOL

Gazprom

Exmar

Maran

Kolin

1 Orderbook defined as firm orders, excluding LOIs, options, conversions

FSRU fleet and orderbook1 by owner and employment

Highlights / markets /summary

Key financialsAppendix

18

Steffen FøreidCFO

Financial highlights

19

Key figures

1 5021 667 1 644 1644 1 713

40% 36% 36% 36% 40%

4Q15 1Q16 2Q16 3Q16 4Q16

Total assets / Adj. equity ratio (USDm)

USD million 4Q 2016 3Q 2016

Income statementTotal income 62.3 58.1EBITDA 31.2 26.5Net profit after tax 0.8 3.3

Financial positionCash and marketable securities 332 268Total assets 1,713 1,616Adjusted equity 677 576Interest bearng debt 936 955Net interest bearing debt 663

Adjusted equity ratio 39.5 % 35.7 %

25 27 27 2631

4Q15 1Q16 2Q16 3Q16 4Q16

EBITDA (USDm)

Solid liquidity position

20

1 The regasification skid ordered in August 2016 assumed to go on FSRU#9. Assuming approximately75% post delivery debt financing. 2 Excluding restricted cash and cash in Höegh LNG Partners. Including settlement of Höegh Grace sale3 Proceeds from HLNG03 bond issue exceeding HLNG01 refinancing need

194-223 200

200

200

175

20

-15

-50

0

50

100

150

200

250

300

350

400

450

2017 2018 2019

FSRU #7 debt FSRU #8 debt FSRU #9 debt FSRU #10 debt Equity

Source USDm

Cash & cash equivalents (2) 167

Marketable securities 135

Outstanding amount seller’s credit 35

Additional liquidity HLNG01 refinancing (3) 50

Cash & cash equivalents 387

Committed financing FSRU#7 223

Total committed funding 610

Assumed financing FSRU#8-10 600

Total funding 1,210

Funding of remaining capex (USD 1.0 billion)1 Liquidity reserve 31 December 2016 (ex HMLP)

Strong trading performance of Höegh LNG Partners (NYSE:HMLP)

21

Equity offering to fund Höegh Grace drop down

Issuer Höegh LNG Partners LP (NYSE: HMLP)

Issue Size 6,588,389 common units / net USD112 million

Use of Proceeds

Fund purchase price of 51% of Höegh Graceand partial repayment of seller’s credit

Drop down of Höegh Grace

Asset 51% equity interest in owner of Höegh Grace

Purchase price USD 188.7 million less USD 96.9 million in pro-rate deb outstanding (USD 91.8 million)

Timing Transaction closed 4 January 2017

HMLP unit price development

0

500

1000

1500

2000

2500

10

12

14

16

18

20

22

feb 2016 apr 2016 jun 2016 aug 2016 okt 2016 des 2016

HMLP volume (r.a.) HMLP

S&P500 (rebased) Alerian MLP index (rebased)

LTM performance:

• HMLP: +30%• Alerian MLP index: +31%• S&P 500: +23%

HLNG03 bond issue providing additional investment capacity

22

Key terms HLNG03 issue Distribution HLNG03 - Geographical split - Allocated

Distribution HLNG03 - Investor type - Allocated

Transaction: Senior Unsecured Bonds

Issuer: Höegh LNG Holdings Ltd.

Principal Amount NOK 1,500 million

Coupon: 3m Nibor + 500bps

Maturity Date: 1 February 2022 (5 year tenor)

Use of proceeds: Refinancing, GCP, potential growth

Documentation : Norwegian

Listing: OSE

Joint Lead Managers: Danske Bank Markets, DNB Markets, Nordea

58%

12%

SwitzerlandUK

Finland

Sweden

Norway Denmark

US

Luxembourg

Other

Retail

Family offices

Asset Managers Banks

Pension and Insurance

Fundations

47%

11%

20%

16%

5%1%1%

3%

11%58%

12%

3%

1%

9%4%

Bond Maturity Coupon Currency Indicativespread

HLNG01 03.10.2017 N3M+600 NOK 190

HLNG02 05.06.2020 L3M+500 USD 440

HLNG03 01.02.2022 N3M+500 NOK 475

Trading performance existing HLNG bonds

Pricing source: Swedbank

Highlights / markets / summaryKey financials

Appendix

23

Sveinung J.S. StøhlePresident & CEO

24

USD 1.8 billion added to revenue backlog

Solid operational and financial platform enables further backlog expansion

Summary

Dividend increased by 25%

Improved underlying results

Incremental LNG supplies open up new markets and increase FSRU demand

25

Q&A sessionCall-in details:Norway +47 21 00 26 13United Kingdom +44 (0)330 336 9104United States +1 719 325 2238

Participant passcode: 279751

Highlights / markets /summary

Key financials

Appendix

26

Income Statement – Joint Ventures according to equity method

27

USD million 4Q2016 3Q2016 2Q2016 1Q2016 4Q2015

Freight revenues 56.9 53.6 52.3 51.1 51.3 Management and other income 1.7 1.0 1.5 1.0 3.9 Share of results from investments in joint ventures 3.7 3.5 3.3 3.3 3.5 TOTAL INCOME 62.3 58.1 57.1 55.4 58.7 Charterhire expenses (8.9) (8.9) (8.8) (8.8) (8.9) Bunker expenses (0.2) (0.2) (0.1) (0.0) (1.8) Operating expenses (10.6) (12.1) (11.7) (9.3) (10.0) Project administrative expenses (4.3) (2.9) (2.9) (3.0) (3.2) Group administrative expenses (5.7) (5.2) (4.8) (4.8) (4.1) Business development expenses (1.4) (2.3) (1.8) (2.9) (6.0) EBITDA 31.2 26.5 27.0 26.6 24.6 Depreciation (9.1) (9.2) (9.2) (7.3) (6.9) Reversal of impairment (impairment) - - - - (37.0) EBIT 22.1 17.3 17.8 19.3 (19.3) Interest income 0.3 0.3 0.4 0.5 0.4 Interest expenses (13.3) (14.3) (14.6) (12.9) (12.6) Other financial items (5.6) 1.1 0.4 0.2 (0.4) PROFIT (LOSS) BEFORE TAX 3.5 4.4 4.0 7.1 (32.0) Taxes (2.7) (1.1) (0.5) (0.8) (1.0) NET PROFIT (LOSS) 0.8 3.3 3.5 6.3 (33.0)

Financial position- Joint Ventures according to equity method

28

USD million 31.12.2016 30.09.2016 30.06.2016 31.03.2016 31.12.2015

Licences, design and other intangibles 0 0 0 0 0Newbuildings under construction and vessels 1 269 1 245 1 247 1 225 1 033Shareholder loans to joint ventures 7 9 10 13 14Mark-to-market on hedging instruments 8 0 0 0 3Other assets 78 71 73 66 71Restricted cash (non-current) 19 23 20 20 20Current cash and marketable securities 332 268 294 343 344Asset held for sale 0 0 0 0 18TOTAL ASSETS 1 713 1 616 1 644 1 667 1 503 Total equity 596 442 434 456 492 Investments in joint ventures 49 76 85 83 74 Interest bearing debt 936 955 966 979 787 Mark-to-market on hedging instruments 57 72 86 76 68 Other liabilities 75 71 73 73 83 TOTAL EQUITY AND LIABILITIES 1 713 1 616 1 644 1 667 1 503

Total equity adjusted for hedging reserves 677 576 585 592 598 Equity ratio adjusted for hedging reserves 40 % 36 % 36 % 36 % 40 %Net interest bearing debt 585 663 650 616 423

Cash flow statement- Joint Ventures according to equity method

29

USD million 4Q2016 3Q2016 2Q2016 1Q2016 4Q2015

Net profit or (loss) before tax 4 4 4 7 (32) Adjustments of non-cash P&L items 19 19 3 41 Dividend received from joint ventures 21 - - - Net changes in working capital, interest, other (3) (4) (4) 5 4 Net cash flow from operating activities 22 19 19 15 14 Net (investments) proceeds in marketable securities 55 25 10 11 (87) Investments newbuildings under construction and vessels (33) (4) (30) (199) (2) Proceeds from sale of vessel - - - 18 - Proceeds of repayment on shareholders loans 2 2 2 2 1.34Net cash flow from/(used in) investing activities 24 23 (18) (168) (88) Net proceeds form equity issuance 112 - - - - Proceeds from borrowings - - - 200 - Repayment of borrowings (15) (15) (15) (12) (12) Dividend paid to non-controllling interest (MLP) (5) (4) (4) (4) (4) Dividend paid to shareholders of the parent (8) (8) (8) (8) (8) Interest paid (14) (14) (14) (12) (13) Increase in restricted cash (1) - (2) 4 (2) Other financing activities 1 - - (2) - Net cash flow from/(used in) financing activities 70 (41) (43) 166 (38)

TOTAL CASH FLOW 116 1 (42) 13 (113)