Capital Product Partners L.P. Announces the Acquisition of Two

Capital Product Partners L.P. Announces the Acquisition of Two 8,000
TEU Container Vessels With Longer Term Employment to A.P.
Moller-Maersk A.S., the Sale of Two VLCC Tankers and the Extension of
the M/T Arionas Time Charter 
Announces Conference Call Scheduled for Today, January 7, 2013 at 10
a.m. ET to Discuss the Transaction 
ATHENS, GREECE -- (Marketwire) -- 01/07/13 --  Capital Product
Partners L.P. (NASDAQ: CPLP) today announced that it acquired from
Capital Maritime & Trading Corp. ('CMTC') two post panamax container
vessels, the M/V 'Archimidis' (7,943TEU, built 2006 Daewoo
Shipbuilding, S. Korea) and the M/V 'Agamemnon' (7,943TEU, built 2007
Daewoo Shipbuilding, S. Korea). Both the M/V 'Archimidis' and the M/V
'Agamemnon' are employed on time charters with the industry leader
A.P. Moller-Maersk A.S. ('Maersk Line') at a gross day rate of
US$34,000 per day with earliest redelivery in November 2015 and
August 2015, respectively. Maersk Line has the option to extend the
charter of both vessels for an additional four years at a gross day
rate of US$31,500 and $30,500 per day, respectively for the fourth
and fifth year and $32,000 per day for the final two years. If all
options were to be exercised, the employment of the vessels would
extend to July 2019 for the M/V 'Agamemnon' and December 2019 for the
M/V 'Archimidis.'  
As consideration for the acquisition of the two container vessels,
CPLP contributed the VLCC tankers M/T 'Alexander The Great' (297,958
dwt, built 2010 Universal Shipbuilding Corporation, Japan) and the
M/T 'Achilleas' (297,863 dwt, built 2010 Universal Shipbuilding
Corporation, Japan) to CMTC, both of which were under charter to CMTC
at $28,000 per day.  
The transaction has been unanimously recommended by the Partnership's
Conflicts Committee and unanimously approved by the Partnership's
Board. The effective date of the transaction was December 22, 2012. 
As a result of this transaction, the Partnership repaid $5.2 million
in debt. CMTC has waived any compensation for the early termination
of the charters of M/T 'Alexander the Great' and M/T 'Achilleas.' The
transaction is expected to generate a non-cash book loss which will
not impact cash flow or the Partnership's distribution capability. 
Extension of M/T 'Arionas' Time Charter 
In addition to the above transaction, the M/T Arionas (36,725dwt, Ice
1A IMO II/III, built 2006 Hyundai Mipo Dockyard Co Ltd) has extended
its employment with CMTC for an additional 12 months (+/- 30 days) at
an increased gross rate of $13,800 per day with earliest expected
redelivery in September 2013. 
Management Commentary 
Mr. Ioannis Lazaridis, Chief Executive and Chief Financial Officer of
the Partnership's General Partner, commented: "We are very pleased to
have concluded an important and accretive transaction for the
Partnership by further diversifying our revenue stream and adding two
high specification container vessels with long term time charter
employment to a highly reputable counterparty such as Maersk Line.
The Partnership's diversification into the container market with the
addition of these two 8,000 TEU container vessels provides longer
term cash flow visibility and exposure to a segment with attractive
long term fundamentals. The transaction increases CPLP's forward
charter coverage and the average remaining duration of our time
charters to 4.1 years. Furthermore, it demonstrates the General
Partner's ability and continuous commitment to the Partnership to
find accretive transactions to support and grow the $0.93 annual
distribution. Finally, after taking into account the recent
developments in Overseas Shipholding Group -- one of our charterers
-- I would like to reiterate our commitment to $0.93 per unit annual
distribution guidance going forward." 
Conference Call and Webcast
 Today, January 7, 2013 at 10:00 a.m.
Eastern Time (U.S.), the Partnership will host an interactive
conference call to discuss the transaction. 
Conference Call Details:
 Participants should dial into the call 10
minutes before the scheduled time using the following numbers:
1-(866) 966-9439 (from the US), or +(44) 1452 555 566 (from outside
the US). Please quote "Capital Product Partners." 
A replay of the conference call will be available until January 13,
2013. The United States replay number is 1-(866) 247-4222; the
standard international replay number is (+44) 1452 550 000. The
access code required for the replay is: 85700032. 
Audio Webcast:
 There will also be a simultaneous live webcast over
the Internet, through the Capital Product Partners website,
www.capitalpplp.com. Participants to the live webcast should register
on the website approximately 10 minutes prior to the start of the
webcast. 
About Capital Product Partners L.P.
 Capital Product Partners L.P.
(NASDAQ: CPLP), a Marshall Islands master limited partnership, is an
international owner of a modern tanker, container and dry bulk
vessels. The Partnership currently owns 25 vessels, including four
Suezmax crude oil tankers, 18 modern MR (Medium Range) product
tankers, two post panamax container vessels and one Capesize bulk
carrier. All of its vessels are under period charters to BP Shipping
Limited, Overseas Shipholding Group, Petrobras, A.P. Moller-Maersk
A.S., Arrendadora Ocean Mexicana, S.A. de C.V., Subtec S.A. de C.V.,
Cosco Bulk Carrier Co. Ltd. and Capital Maritime & Trading Corp. 
For more information about the Partnership, please visit our website:
www.capitalpplp.com.  
Forward-Looking Statements 
 The statements in this press release
that are not historical facts, including our expectations regarding
the future employment of our vessels, redelivery dates and charter
rates, expected effect of the transaction on the Partnership and its
cash flows, fleet coverage and annual distribution, may be
forward-looking statements (as such term is defined in Section 21E of
the Securities Exchange Act of 1934, as amended). These
forward-looking statements involve risks and uncertainties that could
cause the stated or forecasted results to be materially different
from those anticipated. Unless required by law, we expressly disclaim
any obligation to update or revise any of these forward-looking
statements, whether because of future events, new information, a
change in our views or expectations, to conform them to actual
results or otherwise. We assume no responsibility for the accuracy
and completeness of the forward-looking statements. We make no
prediction or statement about the performance of our common units.  
CPLP-F 
Contact Details: 
Capital GP L.L.C. 
Ioannis Lazaridis
CEO and CFO 
+30 (210) 4584 950 
E-mail: i.lazaridis@capitalpplp.com  
Capital Maritime & Trading Corp.
Jerry Kalogiratos
Finance Director
+30 (210) 4584 950
j.kalogiratos@capitalpplp.com  
Investor Relations / Media
Matthew Abenante
Capital Link, Inc. 
(New York)
Tel. +1-212-661-7566
E-mail: cplp@capitallink.com