Navios Maritime Partners L.P. Increases Cash Distribution by 0.6% to $0.4425 per Unit

Piraeus, Greece, July 23, 2012

Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM) announced today that its Board of Directors has declared a cash distribution of $0.4425 per unit for the quarter ended March 31, 2012. This distribution represents a 0.6% increase over the prior quarter's distribution of $0.44 per unit and an annualized distribution of $1.77 per unit. The cash distribution will be payable on August 13, 2012 to unit holders of record as of August 8, 2012.

About Navios Maritime Partners L.P. Navios Partners (NYSE: NMM) is a publicly traded master limited partnership which owns and operates dry cargo vessels. For more information, please visit our website at www.navios-mlp.com.

Navios Maritime Partners L.P. press release