Navios Maritime Holdings Inc. to Commence Trading on the NYSE

Chairman and CEO Angeliki Frangou to Ring The Opening Bell(SM) 


PIRAEUS, Greece, Feb. 22  /PRNewswire-FirstCall/ -- Navios Maritime Holdings Inc. ("Navios") (NYSE:NMNYSE:NMNYSE:WS), a large, global, vertically integrated seaborne shipping company, announced today that the Company's Common Stock and Warrants would commence trading on the New York Stock Exchange, under the symbols "NM" and "NM WS" respectively, at the open of the market on February 22, 2007.  To commemorate the occasion, Chairman and CEO, Ms. Angeliki Frangou, has been invited to ring the Opening Bell at the Exchange.

Ms. Frangou commented, "This is a historic day for Navios and we are extremely pleased to list our shares and warrants on the NYSE, the most recognized stock exchange in the world.  We look forward to a long and mutually beneficial relationship with the exchange."

The Opening Bell event will be webcast and can be accessed at http://mfile.akamai.com/7096/live/reflector:57489.asx?bkup=59611&prop=n on the morning of February 22, 2007.

About Navios Maritime Holdings Inc.

Navios Maritime Holdings Inc. is a large, global, vertically integrated seaborne shipping company transporting a wide range of drybulk commodities including iron ore, coal and grain. For over 50 years, Navios has worked with raw materials producers, agricultural traders and exporters, industrial end-users, ship owners, and charterers. Navios also owns and operates a port/storage facility in Uruguay and has in-house technical ship management expertise. Navios maintains offices in Piraeus, Greece, South Norwalk, Connecticut and Montevideo, Uruguay.

Navios's stock is listed on the NYSE where its Common Shares and Warrants trade under the symbols "NM" and "NM WS", respectively.

Risks and uncertainties are described in reports filed by Navios Maritime Holdings Inc. with the United States Securities and Exchange Commission.

Safe Harbor

This press release may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Navios Maritime Holdings Inc. (Navios). Forward looking statements are statements that are not historical facts. Such forward looking statements, based upon the current beliefs and expectations of Navios' management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The information set forth herein should be read in light of such risks. Navios does not assume any obligation to update the information contained in this press release.

  Public & Investor Relations Contact:
  Navios Maritime Holdings Inc.
  Investor Relations
  212 - 279- 8820
  

DATASOURCE: Navios Maritime Holdings Inc.



CONTACT:  Investor Relations of Navios Maritime Holding Inc.,

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