Höegh LNG Partners LP Announces Cash Tender Offer for Its Series A Preferred Units

HAMILTON, Bermuda, September 16, 2025-Höegh LNG Partners LP announced today that it will commence an offer to purchase (the "Tender Offer") for cash up to $35,000,000.00 aggregate purchase price (the "Maximum Aggregate Purchase Price") of its 8.75% Series A Cumulative Redeemable Preferred Units (the "Series A Preferred Units"). For each Series A Preferred Unit that is accepted in the Tender Offer, the holder will receive $19.50 (the "Purchase Price") plus all accumulated and unpaid distributions on such Series A Preferred Units through the settlement date for the Tender Offer.

The Tender Offer is scheduled to expire at 5:00 p.m., New York city time, on October 16, 2025, unless extended (the "Expiration Date"). The Partnership will pay the Purchase Price plus all such accumulated and unpaid distributions on such Series A Preferred Units it purchases promptly after the Expiration Date and the acceptance of the Series A Preferred Units for purchase.

Assuming that the Tender Offer is fully subscribed, the number of Series A Preferred Units that will be purchased at the Purchase Price under the Tender Offer is 1,794,871. If the aggregate number of Series A Preferred Units that are validly tendered and not properly withdrawn as of the Expiration Date (the "Total Tendered Amount") exceeds the Maximum Aggregate Purchase Price, the Partnership will accept for purchase that number of Series A Preferred Units that does not result in the Total Tendered Amount exceeding the Maximum Aggregate Purchase Price. In that event, the Series A Preferred Units that will be accepted for purchase will be subject to proration, as described in the Offer to Purchase.

D.F. King & Co., Inc. is acting as the Tender and Information Agent for the Tender Offer.

The complete terms and conditions of the Tender Offer will be set forth in the Offer to Purchase that will be posted on the Partnership's website at www.hoeghlngpartners.com. The Offer to Purchase and the related Letter of Transmittal may be obtained from the Tender and Information Agent, D.F. King & Co., Inc., at (877) 732-3617 (toll free) for unitholders, (212) 596-7580 for banks and brokers or [email protected].

THIS PRESS RELEASE IS NEITHER AN OFFER TO PURCHASE NOR A SOLICITATION OF AN OFFER TO SELL ANY SERIES A PREFERRED UNITS. THIS PRESS RELEASE IS NOT A SOLICITATION FOR ACCEPTANCE OF THE TENDER OFFER. THE PARTNERSHIP IS MAKING THE TENDER OFFER ONLY BY, AND PURSUANT TO THE TERMS OF THE OFFER TO PURCHASE, THE LETTER OF TRANSMITTAL AND OTHER RELATED DOCUMENTS TO BE POSTED ON ITS WEBSITE TODAY. THE TENDER OFFER WILL NOT BE MADE TO RESIDENTS OF ARIZONA. THE TENDER OFFER IS NOT BEING MADE IN ANY JURISDICTION IN WHICH THE MAKING OR ACCEPTANCE THEREOF WOULD NOT BE IN COMPLIANCE WITH THE SECURITIES, BLUE SKY OR OTHER LAWS OF SUCH JURISDICTION. NONE OF THE PARTNERSHIP, ITS BOARD OF DIRECTORS, OFFICERS OR EMPLOYEES OR THE TENDER AND INFORMATION AGENT FOR THE TENDER OFFER MAKES ANY RECOMMENDATION IN CONNECTION WITH THE TENDER OFFER. THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER, SOLICITATION OR SALE IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE IS UNLAWFUL.

Forward-Looking Statements

This press release includes certain statements concerning expectations for the future that are forward-looking within the meaning of the federal securities laws, including, without limitation, information concerning completion of the Tender Offer, the terms and timing of the Tender Offer, and the impact of completion of the Tender Offer. The Partnership may modify the terms or timing of the Tender Offer with requisite notice. All statements, other than statements of historical facts, that address activities, events or developments that the Partnership expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. You are cautioned not to rely on these forward-looking statements, which speak only as the date of this release. The Partnership undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this release.