Capital Product Partners L.P. Announces Approval of Merger Agreement by Shareholders of Crude Carriers Corp.

ATHENS, GREECE (MARKET WIRE) 09/21/11

Capital Product Partners L.P. (NASDAQ: CPLP) ("CPLP") today announces that, at a special meeting of the shareholders of Crude Carriers Corp. ("Crude") held yesterday in Piraeus, Greece, the shareholders of Crude have approved the proposal to adopt the merger agreement dated May 5, 2011 providing for the acquisition of Crude by CPLP in a unit-for-share transaction. The merger was approved at the special meeting by 60.3% of Crude's unaffiliated shareholders voting as a separate class, representing approximately 97.9 percent of the total votes cast.

In connection with the merger, CPLP has approved the election of Dimitris Christacopoulos to the board of directors, to be effective as of, and subject to the occurrence of, the completion of the merger.

CPLP expects that the merger will be completed on or about September 30, 2011.

About Capital Product Partners L.P.
Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands master limited partnership, is an international owner of modern double-hull tankers. The Partnership currently owns 22 vessels, including 18 modern MR tankers, two small product tankers, one suezmax crude oil tanker, and one capesize bulk carrier. Most of its vessels are under medium- to long-term charters to BP Shipping Limited, Overseas Shipholding Group, Petrobras, Arrendadora Ocean Mexicana, S.A. de C.V., Cosco Bulk Carrier Co. Ltd and Capital Maritime & Trading Corp. For more information about the Partnership, please visit our website: www.capitalpplp.com.

Capital Product Partners L.P. press release