News Releases

Angeliki Frangou To Ring The NYSE Closing Bell

PIRAEUS, Greece, June 22, 2009 - The Navios Group ("Navios"), which includes Navios Maritime Holdings Inc. (NYSE: NM), Navios Maritime Partners LP (NYSE:NMM) and Navios Maritime Acquisition Corp. (NYSE:NNA) announced today that Ms. Angeliki Frangou will be honored as Deal Maker of the Year during Marine Money week in New York City. To commemorate the occasion, Ms. Frangou along with members of Navios' management team will ring the NYSE Closing Bell tomorrow, June 23, 2009.

Ms. Frangou commented, "I am honored to be acknowledged by Marine Money, a premiere institution in the maritime industry for the past 20 years. This tribute represents the significant accomplishments of Navios' management team, and I am proud to share the honor by ringing the closing bell with them."

To view the Closing Bell live, you can visit the following website: http://www.nyse.com/attachment/liveflashbell.htm

The Closing Bell ceremony will be archived shortly after the event at the following website: http://www.nyse.com/events/Cal_1194896449802.html

About Navios Maritime Holdings Inc.

Navios Maritime Holdings Inc. 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.

Navios Holdings may, from time to time, be required to offer certain owned Capesize and Panamax vessels to Navios Maritime Partners L.P. for purchase at fair market value according to the terms of the Omnibus Agreement, as amended.

For more information about Navios Holdings please visit our website: www.navios.com.

About Navios Maritime Partners LP

Navios Maritime Partners (NYSE: NMM), a publicly traded master limited partnership formed by Navios Maritime Holdings Inc (NYSE: NM), is an owner and operator of Capesize and Panamax vessels.

For more information, please visit our website at www.navios-mlp.com.

About Navios Maritime Acquisition Corporation

Navios Maritime Acquisition Corporation (NYSE: NNA) is a publicly traded Special Purpose Acquisition Corporation (SPAC) formed under the laws of the Marshall Islands. Navios Acquisition serves as a vehicle for acquisition through a merger, capital stock exchange, asset acquisition, stock purchase or other similar business combination, one or more assets or operating businesses in the marine transportation and logistics industries.

For more information about Navios Acquisition, please visit our website: http://www.navios.com/AcquisitionCorporation.asp.

Forward-Looking Statements - Safe Harbor

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 growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as "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 revenues and time charters. Although Navios 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. 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 drybulk vessels, competitive factors in the market in which Navios operates; risks associated with operations outside the United States; and other factors listed from time to time in Navios' filings with the Securities and Exchange Commission. Navios 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' expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Navios Maritime Holdings & Navios Maritime Acquisition Contact:
+1.212.279.8820
investors@navios.com

Navios Maritime Partners Contact:
Nicolas Bornozis, Capital Link, Inc.
+1.212.661.7566
naviospartners@capitallink.com