Navios Maritime Partners L.P Announces Acquisition of an Option to Acquire One 13,100 TEU Container Vessel with 12 Years of Employment

Monaco, February 26, 2015

Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM) an international owner and operator of container and drybulk vessels, announced today that it has secured, for no consideration, an option to acquire a 2012 South Korean-built container vessel of 13,100 TEU from an unrelated third party. The vessel is currently chartered out to a high quality counterparty for a twelve-year period ending May 2027.

The main terms of the option are as follows:

• Acquisition price: $147.8 million
• Latest exercise date: June 5, 2015
• Delivery of vessel : Q3 2015
• Remaining charter duration at delivery: 12 years (with Navios Partners' option to terminate after year 7)
• Charter rate: $60,275, net per day

If the option is exercised, the vessel is expected to generate approximately $18.4 million of annual EBITDA and approximately $212.4 million of aggregate EBITDA for the charter period, assuming operating expenses approximating current operating costs and 360 revenue days.

Also, if the option is exercised, Navios Partners may finance the acquisition with cash on its balance sheet and bank debt on terms consistent with its existing credit facilities.

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

Navios Maritime Partners L.P. press release