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Nautilus Marine Acquisition Announces Successful Closing of Its Acquisition and Final Results of Its Tender Offer

Nautilus Marine Acquisition Announces Successful Closing of Its Acquisition and 
Final Results of Its Tender Offer 
ATHENS, GREECE -- (Marketwire) -- 02/13/13 --  Nautilus Marine
Acquisition Corp. ("Nautilus") (NASDAQ: NMAR) today announced the
successful closing of its acquisition of Assetplus Limited as well as
the expiration and final results of its tender offer to purchase up
to 4,137,300 shares of its common stock (the "Common Shares") at
price of $10.10 per share, net to the seller in cash, without
interest thereon (the "Tender Offer"). The Tender Offer expired at
5:00 p.m., New York City time, on February 13, 2013. Shortly
following the expiration of the Tender Offer, Nautilus successfully
completed its acquisition of Assetplus Limited.  
Based upon information provided by American Stock Transfer & Trust
Company, the depositary for the Tender Offer, as of the expiration of
the Tender Offer, a total of 4,225,864 Common Shares have been
validly tendered and not withdrawn. Pursuant to the terms of the
Offer, Nautilus accepted for purchase an additional 88,564 Common
Shares (within 2% of Nautilus' outstanding Common Shares). As a
result, all Common Shares validly tendered and not properly withdrawn
were accepted for purchase. As such, Nautilus accepted for purchase
4,225,864 Common Shares at a purchase price of $10.10 per Common
Share for a total cost of approximately $42.68 million, excluding
fees and expenses related to the Tender Offer. Such Common Shares
represent approximately 70.4% of Nautilus' issued and outstanding
Common Shares as of February 13, 2013. Payment for Common Shares
accepted for purchase will be made promptly.  
Morrow & Co., LLC acted as the information agent, and the depositary
was American Stock Transfer & Trust Company. For questions and
information, please call the information agent toll free at (800)
662-5200 (banks and brokers call (203) 658-9400). 
This announcement is for informational purposes only and does not
constitute an offer to purchase nor a solicitation of an offer to
sell common shares of Nautilus. 
About Nautilus 
Nautilus was formed in November 2010 pursuant to the laws of the
Republic of the Marshall Islands for the purpose of acquiring,
through a merger, capital stock exchange, asset acquisition, stock 
purchase, reorganization, exchangeable share transaction or other
similar business transaction with one or more operating businesses or
assets. A registration statement for Nautilus' initial public
offering (the "IPO") was declared effective on July 14, 2011. It
consummated its IPO on July 20, 2011 and received gross proceeds of
$48,000,000. Nautilus issued an aggregate of 4,800,000 Units in the
IPO. Each Unit consisted of one Common Share and one warrant. Each
warrant entitles the holder to purchase from Nautilus one Common
Share at an exercise price of $11.50 per share. Prior to the
consummation of the IPO, Nautilus completed a private placement of an
aggregate of 3,108,000 Warrants to certain insiders, generating gross
proceeds of $2,331,000. A total of $48,480,000 of the net proceeds
from the IPO and the private placement were placed in a Trust Account
established for the benefit of Nautilus' public shareholders. 
Cautionary Note Regarding Forward-Looking Statements  
Some of the statements in this release are or may constitute
"forward-looking statements." Words such as "believe," "expect,"
"anticipate," "project," "target," "optimistic," "intend," "aim,"
"will" or similar expressions are intended to identify
forward-looking statements. Forward-looking statements involve
estimates, expectations and projections and, as a result, are subject
to risks and uncertainties. Actual results (including, without
limitation, the results of the Nautilus' tender offer and proposed
business combination with Assetplus) could differ materially if not
substantially from those described in the forward-looking statements.
Important risks and other factors could cause actual results to
differ materially from those indicated by such forward-looking
statements. With respect to the acquisition of Assetplus, the tender
offer and Nautilus' post-closing activities, such risks and
uncertainties include, among many others: (i) the risk associated
with Nautilus' tender offer (including uncertainty regarding the
number of shareholders who may tender their Nautilus common shares);
(ii) the risk that the business and assets of Assetplus will not be
properly integrated into Nautilus; (iii) the risk that the benefits
to Nautilus and its stockholders anticipated from acquisition by
Nautilus of Assetplus may not be fully realized or may take longer to
realize than expected; (iv) the risk that any projections, including
earnings, revenues, expenses, synergies, margins or any other
financial items are not realized, (v) the risks associated with the
current concentration of Assetplus' business with one customer,
Petrobras; (vi) the potential for reductions in industry profit
margins due to, among other factors, declining charter rates; (vii)
the inability of Nautilus to expand and diversify the business of
Assetplus; (viii) changing interpretations of generally accepted
accounting principles; (ix) Nautilus' continued compliance with
government regulations; changing legislation and regulatory
environments; (x) the ability of Nautilus to meet the Nasdaq's
continued listing standards; (xi) the potential for lower return on
investment by Nautilus on its investments in vessel assets; (xii) the
inability of Nautilus to manage growth; (xiii) requirements or
changes affecting the shipping and maritime industry; (xiv) the
general volatility of market prices of the Nautilus' securities and
general economic conditions; (xv) Nautilus' ability to implement new
strategies and react to changing market conditions; (xvi) risks
associated with operating (including environmental) hazards; (xvii)
risks associated with competition; (xviii) risks associated with the
loss of key personnel; or (xix) any of the factors in detailed in the
"Risk Factors" section of Nautilus' filings with the SEC.  
The foregoing listing of risks is not exhaustive. These risks, as
well as other risks associated with the acquisition of Assetplus and
Nautilus' tender offer, have been more fully discussed in Nautilus'
Schedule TO, as amended, filed with the SEC in connection with the
tender offer. Additional risks and uncertainties are identified and
discussed in Nautilus' reports filed or to be filed with the SEC and
available at the SEC's website at http://www.sec.gov. Forward-looking
statements included in this press release speak only as of the date
of this press release. Nautilus undertakes and assumes no obligation,
and do not intend, to update Nautilus' forward-looking statements,
except as required by law. 
Investor Relations Contact:
Matthew Abenante
Investor Relations Advisor
Capital Link, Inc.
230 Park Avenue - Suite 1536
New York, N.Y. 10169
Tel. (212) 661-7566
Email: nautilus@capitallink.com 
 
 
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