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9/5/2012

Navios Partners Announces Completion of Follow-On Offering


Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM), an owner and operator of dry cargo vessels, announced today the completion of its follow-on public offering of 4,600,000 common units at $15.68 per unit, raising gross proceeds of $72.1 million. These figures include 600,000 units sold pursuant to the underwriters' option, which was exercised in full.

Navios Partners' common units trade on the New York Stock Exchange under the symbol "NMM".

The joint book-running managers for this offering were Citigroup, J.P. Morgan and Wells Fargo Securities and the co-managers were S. Goldman Capital LLC, RBC Capital Markets, COMMERZBANK and DVB Capital Markets.

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