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Navios Maritime Partners L.P. Announces Completion of Follow-On Offering (Including Overallotment Option) of 4.6 million units and a Private Placement of 1.12 million units to Navios Maritime Holdings Inc.

Monaco, February 11, 2015-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 $13.09 per unit, raising gross proceeds of $60.2 million. These figures include 600,000 common units sold pursuant to the underwriters' option, which was exercised in full.

In addition, Navios Partners completed a private placement of 1,120,547 common units at $13.09 per unit to Navios Maritime Holdings Inc. ("Navios Holdings"), raising additional gross proceeds of $14.7 million. Following the public offering and the private placement, Navios Holdings owns a 20.1% interest in Navios Partners, which includes the 2.0% interest through Navios Partners' general partner which Navios Holdings owns and controls.

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

The joint book-running managers for the public offering are BofA Merrill Lynch, Citigroup, J.P. Morgan, Deutsche Bank Securities and Credit Suisse and the co-managers are S. Goldman Capital LLC, RS Platou Markets AS, ABN AMRO and Credit Agricole CIB.

Copies of the prospectus supplement and accompanying base prospectus related to the public offering may be obtained from: BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attention: Prospectus Department or by emailing dg.prospectus_requests@baml.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel: (800) 831-9146); J.P. Morgan, Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel: (866) 803-9204); Deutsche Bank Securities, Attn: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, Email: prospectus.cpdg@db.com, (tel: (800) 503-4611).

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This offering may be made only by means of a prospectus supplement and accompanying base prospectus.

About Navios Maritime Partners L.P.

Navios Partners (NYSE: NMM) is a publicly traded master limited partnership which owns and operates dry cargo vessels.

Forward Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and Navios Partners' growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as "may," "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions are intended to identify forward-looking statements. Such statements include comments regarding expected revenue and time charters. Although the Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for dry cargo vessels, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; and other factors listed from time to time in the Navios Partners' filings with the Securities and Exchange Commission. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners' expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contacts

Investor Relations Contact:
Navios Maritime Partners L.P.
+1 (212) 906 8645
Investors@navios-mlp.com

Nicolas Bornozis
Capital Link, Inc.
naviospartners@capitallink.com







A COMPLETE COPY OF THE AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2014 MAY BE REQUESTED, FREE OF CHARGE, BY CONTACTING:

Navios Maritime Partners L.P.
7, Avenue de Grande Bretagne
Office 11B2
MC 98000 Monaco
Tel: (377) 9798-2140
Fax: (377) 9798-2141
Email: naviospartners@capitallink.com