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Statement of Significant Differences Between the Corporate Governance Practices of Navios Maritime Holdings Inc., a Marshall Islands company, and the Corporate Governance Standards of the New York Stock Exchange, Inc. (the ’NYSE’).

Pursuant to an exception for foreign private issuers, we are not required to comply with the corporate governance practices followed by U.S. companies under the NYSE listing standards. However, pursuant to Section 303.A.11 of the NYSE Listed Company Manual, we are required to state any significant differences between our corporate governance practices and the standards required by the NYSE. In order to provide adequate protection to our shareholders, we have voluntarily adopted all of the NYSE required practices.

Navios, one of the leading global brands in seaborne shipping, is a trusted partner for industrial end users, ship owners, financial business partners, agents and brokers.