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H HÖEGH LNG INTERIM RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 JUNE 2021 Highlights for the quarter ended 30 June 2021 • EBITDA1 of USD 52.7 million • Net loss after taxes of USD 19.4 million • • • Tax provision of USD 10.6 million for uncertain tax positions Amalgamation and de - listing of Höegh LNG Holdings Ltd.'s shares from Oslo Stock Exchange completed One - off financing costs impacting the second quarter with USD 9 million HLNG04 bond loan tap issuance completed in June Subsequent events • • • Höegh LNG Holdings Ltd.'s up to USD 80 million credit facility has been repaid and cancelled with proceeds from the HLNG04 bond tap issuance in June and a new bank facility Refinancing of Höegh Giant's debt facility completed in August The charterer under the lease and maintenance agreement for the PGN FSRU Lampung ( " LOM ” ) served a notice of arbitration ( " NOA ” ) on 2 August 2021 to declare the LOM null and void , and / or to terminate the LOM , and / or seek damages . PT Hoegh LNG Lampung ( " PT HLNG " ) has served a reply refuting the claims as baseless and without legal merit and has also served a counterclaim against the charterer for multiple breaches of the LOM . PT HLNG will take all necessary steps and will vigorously defend against the charterer's claims in the legal process . Notwithstanding the NOA , both parties are continuing to perform their respective obligations under the LOM . However , the pending arbitration is causing issues with completing the arranged refinancing of this FSRU On 27 July 2021 , Höegh LNG Partners LP announced a reduction in quarterly cash distributions to common units Reported total income and EBITDA USDM 82.3 81.8 Total income USDM EBITDA 87.0 57.7 84.4 84.0 53.0 55.2 52.7 51.8 Q220 Q320 Q420 Q121 Q221 Q220 Q320 Q420 Q121 Q221 Group financial review² Höegh LNG Holdings Ltd ( Höegh LNG Holdings or the company ) and its subsidiaries ( together Höegh LNG or the group ) reported a total income of USD 87 million for the second quarter of 2021 , compared with USD 1 Please see the definition in Appendix 1 . 2 2 The interim consolidated financial statements for Höegh LNG include HMLP on a consolidated basis and , unless otherwise stated , figures in this section are compared with figures of first quarter of 2021 . 1