Navios Maritime Acquisition Corporation Announces Completion of Follow-On Offering, Including Exercise of Option by Underwriters

MONACO–(Marketwired – February 20, 2014) – Navios Maritime Acquisition Corporation (“Navios Acquisition”) (New York Stock Exchange: ON), owner and operator of tankers, today announced the closing of its secondary public offering of 14,950,000 shares of common stock at $3.85 per share for gross proceeds of $57.6 million. These figures include 1,950,000 shares sold pursuant to a subscriber option that was fully exercised.

Navios Acquisition’s common stock is traded on the New York Stock Exchange under the symbol “NNA.”

The joint book-running managers for the offering are Citigroup, RS Platou Markets, Inc. and Deutsche Bank Securities and the joint book-running manager is S. Goldman Capital LLC.

Copies of the prospectus supplement and the accompanying base prospectus relating to this offering may be obtained from: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (telephone: (800) 831-9146); RS Platou Markets, Inc., 410 Park Avenue, 7th Floor, Suite 710, New York, NY 10022, Attention: Raquel Lucas (telephone: (855) 864-2265) or by email to [email protected]; and Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, New York 10005-2836 (telephone: (800) 503-4611) or by email to [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities 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 jurisdiction. This offering may be made only by means of a prospectus supplement and the accompanying base prospectus.

About Navios Maritime Acquisition Corporation
Navios Takeover (New York Stock Exchange: ON) owns and operates tanker vessels specializing in the transportation of petroleum products (clean and dirty) and bulk liquid chemicals.

Forward-looking statements
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 Acquisition’s growth strategy and means to implement that strategy; including expected vessel acquisitions and the execution of additional 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 Acquisition believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct. These statements involve known and unknown risks and are based on a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond Navios Acquisition’s control. 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 demand for vessels carrying crude oil, products and chemicals; competitive factors in the market in which Navios Acquisition operates; risks associated with operations outside the United States; and other factors set forth from time to time in Navios Acquisition’s filings with the Securities and Exchange Commission. Navios Acquisition expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Acquisition’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.