CMA Names Angeliki Frangou as 2011 Commodore

Award to be presented March 23, 2011at the conclusion of the CMA’s Shipping 2011 Annual Conference and Exposition

Monday, December 6, 2010 - Stamford, Connecticut – Ms. Angeliki Frangou, Chairman & CEO of the Navios group of companies has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2011.

Ms. Frangou follows a long succession of influential maritime industry leaders as Commodore. The Award will be presented to Ms. Frangou on March 23, 2011 at the Gala Dinner marking the conclusion of the annual Connecticut Maritime Association conference and trade exposition.

The Award is given each year to a person in the international maritime industry who has contributed to the growth and development of the industry.

Ms. Frangou has been Navios Maritime Holdings (NYSE: NM) (“Navios Holdings”) Chairman of the Board and Chief Executive Officer since inception in 2005. Ms. Frangou is also the Chairman and Chief Executive Officer of Navios Maritime Partners, L.P. (NYSE: NMM) and Navios Maritime Acquisition Corporation (NYSE: NNA).

Previously, Ms. Frangou was Chairman, Chief Executive Officer and President of International Shipping Enterprises Inc., which acquired Navios Holdings. From 1990 through August 2005, Ms. Frangou was the Chief Executive Officer of Maritime Enterprises Management S.A., and its predecessor company, which specialized in the management of dry cargo vessels. Ms. Frangou is the Chairman of IRF European Finance Investments Ltd., listed on the SFM of the London Stock Exchange.

Ms. Frangou is the Vice Chairman of the Mediterranean Committee of the China Classification Society and member of the Hellenic and Black Sea Committee of Bureau Veritas, as well as a member of the Greek Committee of Nippon Kaiji Kyokai. Ms. Frangou received a bachelor’s degree in mechanical engineering from Fairleigh Dickinson University (summa cum laude) and a master’s degree in mechanical engineering from Columbia University.

Beth Wilson-Jordan, President of the CMA, upon making the announcement, stated “Ms. Frangou has consistently demonstrated superior business judgment and integrity which has allowed her to grow an international group of companies and provide consistent value to her stakeholders. Ms. Frangou joins an elite community of leaders who been honored in the past as Commodores. Ms. Frangou’s vision is demonstrated perhaps most conclusively in 2004, when she adopted a little known vehicle, called a SPAC, to raise significant funds from the public markets. Subsequently, she acquired Navios and has since built Navios into a leading company in the shipping industry. The group now controls 95 vessels (73 bulkers and 22 tankers) and a growing logistics company in South America. We are delighted to have her join the distinguished community of Commodores.”

Former CMA Commodores include: Ole Skaarup, Jacob Stolt-Nielsen, George Livanos, Phil Loree, Thomas Moran, Gregory Hadjieleftheriadis, Helmut Sohmen, Gerhard Kurz, William O’Neil, Richard du Moulin, Per Heidenreich, Mark Saverys, Frank Tsao, Stelios Haji-Ioannou, Peter Georgiopoulos, C. Sean Day, Torben Jensen, Morten Arntzen, John Fredriksen, Capt. Wei Jiafu and Philippe Louis-Dreyfus.

The 2011 Commodore Award will be presented to Ms. Frangou at the March 23, 2011 Commodore Gala Dinner at the Hilton Hotel in Stamford, Connecticut, USA.

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.

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

About Navios Maritime Partners L.P. Navios Partners (NYSE: NMM), a publicly traded master limited partnership which owns and operates dry cargo vessels. For more information about Navios Partners please visit its website: www.navios-mlp.com

About Navios Maritime Acquisition Corporation Navios Acquisition (NYSE: NNA) is an owner and operator of tanker vessels focusing in the transportation of petroleum products (clean and dirty) and bulk liquid chemicals.

For more information about Navios Acquisition please visit its website: www.navios-acquisition.com

About the CMA The Connecticut Maritime Association is a non-profit organization built by its members for its members. It is an Association made of individuals representing every aspect of shipping and international trade.

About CMA Shipping 2011 For the past 26 years the Connecticut Maritime Association has convened a trade show and conference in Stamford, Connecticut that has dealt with the commanding issues of the day, provided a dynamic commercial market place for products and services and brought together the international leaders of the shipping industry to seriously address opportunities and challenges from environmental regulations, piracy to burgeoning trade with China and employment.

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