Navios Maritime Midstream Partners (NAP) Prices 8.1M Common IPO at $15/Unit

Navios Maritime Midstream Partners L.P. (NYSE: NAP), a recently formed subsidiary of Navios Maritime Acquisition Corporation (NYSE: NNA) and owner and operator of tanker vessels, announced the pricing of the initial public offering of 8,100,000 common units representing approximately 42.5% of the limited partner interest in Navios Midstream at a price of $15.00 per unit, for aggregate gross proceeds of $121,500,000. Navios Midstream has granted the underwriters a 30-day option to purchase up to an additional 1,215,000 common units. Following the initial public offering, Navios Acquisition expects to own approximately 55.5% of the limited partner interest and the 2.0% general partner interest in Navios Midstream. The common units being offered to the public are expected to begin trading on November 13, 2014, on the New York Stock Exchange under the symbol "NAP."

BofA Merrill Lynch, Citigroup and J.P. Morgan are acting as joint book-running managers and representatives of the underwriters for the offering.

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