Navios Maritime Partners L.P. Announces Completion of Follow-On Offering

PIRAEUS, GREECE, May 11 (MARKET WIRE) --
Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM) announced
the completion of its follow-on public offering of 3,500,000 common units
at $10.32 per unit, raising gross proceeds of approximately $36.1 million.

In connection with the offering, Navios Partners has granted the
underwriters a 30-day option to purchase up to an additional 525,000
common units to cover over-allotments, if any.

The joint book-running managers for this offering were Citi, J.P.Morgan
and Merrill Lynch & Co. and the co-managers were S. Goldman Advisors LLC
and DVB Capital Markets.

This news release does not constitute an offer to sell or a solicitation
of an offer to buy the securities described herein, nor shall there be any
sale of these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. This
offering may be made only by means of a prospectus supplement and
accompanying base prospectus.

ABOUT NAVIOS MARITIME PARTNERS L.P.

Navios Maritime Partners L.P. (NYSE: NMM), a publicly traded master
limited partnership formed by Navios Maritime Holdings Inc. (NYSE: NM),
is an owner and operator of Capesize and Panamax vessels.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future events
and Navios Partners' growth strategy and measures to implement such
strategy; including expected vessel acquisitions and entering into further
time charters. Words such as "expects," "intends," "plans," "believes,"
"anticipates," "hopes," "estimates," and variations of such words and
similar expressions are intended to identify forward-looking statements.
Such statements include comments regarding expected revenue and time
charters. Although the Navios Partners believes that the expectations
reflected in such forward-looking statements are reasonable, no assurance
can be given that such expectations will prove to have been correct. These
statements involve known and unknown risks and are based upon a number of
assumptions and estimates which are inherently subject to significant
uncertainties and contingencies, many of which are beyond the control of
Navios Partners. Actual results may differ materially from those expressed
or implied by such forward-looking statements. Factors that could cause
actual results to differ materially include, but are not limited to
changes in the demand for dry bulk vessels, competitive factors in the
market in which Navios Partners operates; risks associated with
operations outside the United States; and other factors listed from time
to time in the Navios Partners' filings with the Securities and Exchange
Commission. Navios Partners expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in
Navios Partners' expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is based.

Contacts
Public & Investor Relations Contact:
Navios Maritime Partners L.P.
Nicolas Bornozis
Capital Link, Inc.
Tel. (212) 661-7566
E-mail: naviospartners@capitallink.com

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