Navios Maritime Holdings Inc. Announces Results of the Tender Offer for Its Series G and Series H American Depositary Shares

Grand Cayman, Cayman Islands, October 24, 2022





Navios Maritime Holdings Inc. ("Navios Holdings" or the "Company") (NYSE: NM), announced today the final results of its previously announced tender offer (the "Offer") to purchase up to $20 million consisting of (i) up to 300,000 of the outstanding American Depositary Shares ("Series G ADSs"), each representing 1/100th of a Share of 8.75% Series G Cumulative Redeemable Perpetual Preferred Stock (the "Series G Preferred"), and (ii) up to 1,000,000 of the outstanding American Depositary Shares ("Series H ADSs"), each representing 1/100th of a Share of 8.625% Series H Cumulative Redeemable Perpetual Preferred Stock (the "Series H Preferred" and, together with the Series G Preferred, the "Preferred Shares").

The Offer expired at 12:00 midnight (the end of the day), New York City time, on Friday, October 21, 2022. Based on the final count by Citibank, N.A., the tender agent, a total of 20,185 Series G ADSs, representing approximately 3.8% of the outstanding Series G ADSs, were properly tendered and not properly withdrawn prior to the expiration of the Offer, and a total of 584,158 Series H ADSs, representing approximately 33% of the outstanding Series H ADSs, were properly tendered and not properly withdrawn prior to the expiration of the Offer.

The Company has accepted all of the of 20,185 Series G ADSs and 584,158 Series H ADSs tendered. The Company will pay a total of approximately $317,510 in cash consideration for the tendered Series G ADSs and $8,925,934 in cash consideration for the tendered Series H ADSs. Delivery of the cash consideration for the tendered Series G ADSs and/or Series H ADSs will be made promptly.

Important Notices and Additional Information
This press release is for informational purposes only. This press release is not a recommendation to buy or sell any of the Series G ADSs, Series H ADSs, the underlying Preferred Shares or any other securities, and it is neither an offer to purchase nor a solicitation of an offer to sell any of the Series G ADSs, Series H ADSs, the underlying Preferred Shares or any other securities. This press release shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. In connection with the Offer, the Company filed a Tender Offer Statement on Schedule TO, including the Offer to Purchase and related documents, with the SEC. The Offer was made solely by, and pursuant to the terms of, the Offer to Purchase.

About Navios Maritime Holdings Inc.
Navios Maritime Holdings Inc. (NYSE: NM) owns a controlling equity stake in Navios South American Logistics Inc., a leading infrastructure and logistics company in the Hidrovia region of South America and a passive equity interest in Navios Maritime Partners L.P., a leading, US publicly listed shipping company which owns and operates dry cargo and tanker vessels. For more information about Navios Holdings, please visit our website: www.navios.com.

Navios Maritime Holdings Inc. press release