Höegh LNG Holdings Ltd. announced on December 6, 2021 that it has submitted a non-binding proposal to the Board of Directors of Höegh LNG Partners LP (NYSE:HMLP) ("HMLP" or the "Partnership") pursuant to which Höegh LNG would acquire through a wholly owned subsidiary all publicly held common units of the Partnership in exchange for $4.25 in cash per common unit. If approved, the transaction would be effected through a merger of the Partnership with a wholly owned subsidiary of Höegh LNG. The proposed transaction is subject to the negotiation and approval of mutually satisfactory definitive documentation by the parties thereto.?

If a definitive agreement is reached, the transaction will also require approval by a majority of the holders of outstanding common units in the Partnership. The transaction would be subject to customary closing conditions. There can be no assurance that definitive documentation will be executed or that any transaction will materialize.