Navios Maritime Midstream Partners L.P.
Press Release
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Navios Maritime Midstream Partners L.P. Announces Launch of Initial Public Offering

MONACO -- (Marketwired) -- 11/04/14 -- Navios Maritime Midstream Partners L.P. ("Navios Midstream"), a recently formed wholly-owned subsidiary of Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE: NNA), an owner and operator of tanker vessels, announced today that it has commenced an initial public offering of 8,100,000 common units representing limited partner interests in Navios Midstream pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (the "SEC"). Navios Midstream expects to grant the underwriters a 30-day option to purchase up to an additional 1,215,000 common units. The initial public offering price is currently expected to be between $19.00 and $21.00 per common unit. The common units have been cleared for listing on the New York Stock Exchange under the symbol "NAP."

The proceeds from the offering will be used primarily to fund a portion of the purchase price of the capital stock in the subsidiaries of Navios Acquisition that own vessels that will comprise Navios Midstream's initial fleet of very large crude carriers, or VLCCs.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC will act as joint book-running managers and representatives of the underwriters for the offering. The offering of the securities is being made only by means of a prospectus. Copies of the preliminary prospectus can be obtained from: Merrill Lynch, Pierce, Fenner & Smith Incorporated, One Bryant Park, New York, New York 10036, Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 (tel: (800) 831-9146) and J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179.

A registration statement relating to these securities has been filed with the SEC but it has not yet become effective. The common units may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common units in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Navios Maritime Midstream Partners L.P.

Navios Maritime Midstream Partners L.P. is a Marshall Islands limited partnership recently formed by Navios Acquisition to own, operate and acquire crude oil tankers, refined petroleum product tankers, chemical tankers and liquefied petroleum gas tankers under long-term employment contracts.

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.

Forward-Looking Statements

This press release may include forward-looking statements. These forward-looking statements involve risks and uncertainties. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Navios Midstream's prospectus and SEC filings. Navios Midstream undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.

Investor Relations Contact
Navios Maritime Midstream Partners L.P.

Source: Navios Maritime Acquisition Corporation