Pictured above: Navios Mercator; pictured at left (clockwise from upper left): Navios Arc, Navios Star, Navios Vector, Navios Magellan.

Select a vessel for details.

Vessel Name	Vessel Type	Year Built	Deadweight (in metric tons)	Charter-out Rate1	Exp Date2	Profit Share NM%/Base3
Owned Vessels
Navios Ionian	Ultra Handymax	2000	52,067	13,726	9/18/2012	No
Navios Horizon	Ultra Handymax	2001	50,346	10,925	12/19/2011	No
Navios Herakles	Ultra Handymax	2001	52,061	13,775	2/15/2012	No
Navios Achilles	Ultra Handymax	2001	52,063	25,521(4)	12/17/2013	65% / $20,000 after March 2012
Navios Meridian	Ultra Handymax	2002	50,316	14,250	3/17/2012	No
Navios Mercator	Ultra Handymax	2002	53,553	29,783(4)	1/12/2015	65% / $20,000 after March 2012
Navios Vector	Ultra Handymax	2002	50,296	10,830	4/14/2012	No
Navios Arc	Ultra Handymax	2003	53,514	12,350	12/25/2011	No
Navios Hios	Ultra Handymax	2003	55,180	13,300	9/21/2011	No
Navios Kypros	Ultra Handymax	2003	55,222	20,778	1/28/2014	50% / $19,000
Navios Astra	Ultra Handymax	2006	53,468	12,825	11/18/2012	No
Navios Ulysses	Ultra Handymax	2007	55,728	31,281	10/12/2013	No
Navios Vega	Ultra Handymax	2009	58,792	15,751	5/23/2013	No
Navios Celestial	Ultra Handymax	2009	58,063	17,550	1/24/2012	No
Navios Magellan	Panamax	2000	74,333	22,800	3/26/2012	No
Navios Star	Panamax	2002	76,662	16,958	11/27/2012	No
Navios Asteriks	Panamax	2005	76,801	_	_	No
Navios Bonavis	Capesize	2009	180,022	47,400	6/29/2014	No
Navios Happiness	Capesize	2009	180,022	52,345(4)	5/24/2014	50% / $32,000 after March 2012
Navios Lumen	Capesize	2009	180,661	29,250(5) 39,830(5) 43,193(5) 42,690(5) 39,305(5)	2/14/2012 12/10/2012 12/10/2013 12/10/2016 12/10/2017	Yes Yes Yes Yes Yes
Navios Stellar	Capesize	2009	169,001	36,974(6)	12/22/2016	No
Navios Phoenix	Capesize	2009	180,242	17,005	11/27/2012(7)	No
Navios Antares	Capesize	2010	169,059	37,590(6) 45,875(6)	1/19/2015 1/19/2018	No No
Navios Buena Ventura	Capesize	2010	179,259	29,356	10/28/2020	50% / $38,500
Navios Etoile	Capesize	2010	179,234	29,356	12/2/2020	50% in excess of $38,500
Navios Bonheur	Capesize	2010	179,259	27,888(4) 25,025(4)	12/16/2013 7/17/2022	50% / $32,000 after March 2012
Navios Altamira	Capesize	2011	179,165	24,674	1/27/2021	No
Navios Azimuth	Capesize	2011	179,169	26,469(4)	9/14/2022	50% / $34,500 after March 2012

    ¹ Daily rate net of commissions.
    ² Expected redelivery basis midpoint of full redelivery period
    ³ Profit share based on applicable Baltic TC Average exceeding $/day rates listed
    ⁴ Amount represents daily net rate of insurance proceeds following the default of the original charterer. The contracts for these vessels have been temporarily suspended and the vessels have been re-chartered to third parties for variable charter periods. Upon completion of the suspension period, the contracts with the original charterers will resume at amended terms. The obligations of our insurers are reduced by an amount equal to the mitigation charter hire revenues earned under the contracts with third parties and/or the original charters or the applicable deductibles for any idle periods. The Company has filed claims for all unpaid amounts in respect of the employment of the vessels in the corporate rehabilitation proceedings. The disposition of these claims will be determined by the Court at a future date.
    ⁵ Year eight optional (option to Navios Holdings) included in the exhibit above. Profit sharing = 100% to Navios Holdings until next daily rate of $44,850 and becomes 50/50 thereafter
    ⁶ Amount represents daily rate of insurance proceeds following the default of the original charterer. These vessels have been rechartered to third parties for variable charter periods. Obligations of the insurer are reduced by an amount equal to the mitigation charter hire revenues earned under these contracts and the applicable deductibles under the insurance policy.
    ⁷ Subject to COA of $45,500 for the remaining period until Q1 2015.

Vessel Name	Vessel Type	Year Built	Deadweight (in metric tons)	Purchase Option	Charter-out Rate 1	Exp Date 2
Long-term Chartered-in Fleet in Operation
Navios Serenity	Handysize	2011	34,718	Yes (50%)	10,756	7/28/2012
Navios Primavera	Ultra Handymax	2007	53,464	Yes	13,300	10/7/2011
Navios Armonia	Ultra Handymax	2008	55,100	No	13,894	2/17/2012
Navios Orion	Panamax	2005	76,602	No	49,400	12/14/2012
Navios Titan	Panamax	2005	82,936	No	19,000	11/9/2012
Navios Altair	Panamax	2006	83,001	No	13,063	9/5/2012
Navios Esperanza	Panamax	2007	75,200	No	14,513	2/19/2013
Golden Heiwa	Panamax	2007	76,662	No		3/2017
Torm Antwerp	Panamax	2008	75,250	No		1/2012
Beaufiks	Capesize	2004	180, 310	Yes		6/2017
Rubena N	Capesize	2006	203,233	No		1/2016
SC Lotta	Capesize	2009	169,056	No		3/2014
Phoenix Beauty	Capesize	2010	169,150	No		12/2012
King Ore	Capesize	2010	176,800	No		5/2020
Obeliks	Capesize	2012	180,000	Yes		7/2022

    ¹ Daily rate net of commissions.     ² Assumes vessel redeliver to owners post expiration of extension period

Vessel Name	Vessel Type	Delivery Date	Deadweight (in metric tons)
Owned Vessels to be Delivered
Navios Avior(1)	Kamsarmax	4/2012	81,600
Navios Centaurus(2)	Kamsarmax	5/2012	81,600

    ¹ Upon delivery, immediately begins a 2-year charter out at $12,716 net per day
    ² Upon delivery, immediately begins a 2-year charter out at $12,825 net per day

Vessel Name	Vessel Type	Delivery Date	Deadweight (in metric tons)
Optional Vessels on Order
Navios TBN	Panamax	H2 2013	82,000
Navios TBN	Panamax	H2 2013	82,000
Navios TBN	Panamax	H1 2014	82,000
Navios TBN	Panamax	H1 2014	82,000

Vessel Name	Vessel Type	Delivery Date	Deadweight (in metric tons)	Purchase Option
Long-term Chartered-in Fleet to be Delivered
Navios Lyra	Handysize	9/2012	34,718	Yes (50%)
Navios Oriana	Ultra Handymax	2/2012	61,000	Yes
Navios TBN	Ultra Handymax	5/2013	61,000	Yes
Navios TBN	Ultra Handymax	10/2013	61,000	Yes
Navios Marco Polo	Panamax	12/2011	80,000	Yes
Navios TBN	Kamsarmax	7/2013	80,500	Yes(50%)
Navios TBN	Kamsarmax	9/2013	80,500	Yes (50%)
Navios TBN	Kamsarmax	11/2013	80,500	Yes (50%)
Navios Koyo	Capesize	12/2011	181,000	Yes
Navios TBN	Capesize	12/2013	180,000	Yes