Navios Maritime Holdings Inc. Extends Exchange Offer
for Its $350.0 Million 8 1/8% Senior Notes Due 2019

PIRAEUS, GREECE, Sep 23, 2011 (MARKETWIRE via COMTEX)

Navios Maritime Holdings Inc. ("Navios Holdings" or the "Company") (NYSE: NM) announced today that the Company and Navios Maritime Finance II (US) Inc., its wholly owned finance subsidiary, extended the expiration date of its offer to exchange up to U.S. $350.0 million of its outstanding 8 ?% senior notes due 2019 (the "Outstanding Notes") for a like principal amount of its 8 1/8% senior notes due 2019 (the "Exchange Notes" and, together with the Outstanding Notes, the "Notes") which have been registered under the Securities Act of 1933, as amended. As a result of the extension, the exchange offer is now scheduled to expire at 5:00 p.m., New York City time, on September 29, 2011, unless further extended by the Company.

The exchange offer was originally set to expire at 5:00 p.m., New York City time, on September 22, 2011. Except for the extension of the expiration date, all of the other terms of the exchange offer remain as set forth in the exchange offer prospectus.

Wells Fargo Bank, National Association ("Wells Fargo"), the trustee under the indenture governing the Notes, is serving as the exchange agent in connection with the exchange offer. Persons with questions regarding the exchange offer should contact Wells Fargo at (800) 344-5128, Option 0. Requests for documents relating to the exchange offer should be directed to Wells Fargo.

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities. The exchange offer is being made only pursuant to a prospectus and the related letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law.

About Navios Maritime Holdings Inc.
Navios Maritime Holdings Inc. (NYSE: NM) is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain. For more information about Navios Holdings please visit our website: www.navios.com.

Navios Maritime Holdings Inc. press release