Navios Maritime Holdings Inc. Announces Exchange Offer for Its $350.0 Million 8 1/8% Senior Notes Due 2019

Navios Maritime Holdings (NYSE: NM) announced today that the Company and Navios Maritime Finance II Inc., its wholly owned finance subsidiary, commenced its offer to exchange up to U.S. $350.0 million of its outstanding 8 1/8% senior notes due 2019 (the "Outstanding Notes") for a like principal amount of its 8 1/8% senior notes due 2019 (the "Exchange Notes" and, together with the Outstanding Notes, the "Notes") which have been registered under the Securities Act of 1933, as amended. The exchange offer will expire at 5:00 p.m., New York City time, on September 22, 2011, unless extended by the Company.