Navios South American Logistics ^{Filed, US Offering, Removed, Nasdaq: NSAL}

We believe we are one of the largest infrastructure and logistics companies in the Hidrovia Region. Our operations are focused on the Hidrovia Waterway, the main navigable river system in the region, and on the cabotage trades along the eastern coast of South America. We provide our customers with integrated transportation, storage and related services through our strategically located port facilities and our large, versatile fleet of dry and liquid cargo barges and our product tankers. We serve the needs of a number of growing South American industries, including mineral and grain commodity providers as well as users of refined petroleum products. The Hidrovia Waterway consists of the Paraguay and Parana Rivers from Puerto Caceres (Brazil) to Nueva Palmira (Uruguay), flowing through five countries--Argentina, Bolivia, Brazil, Paraguay and Uruguay--and similar in size to the Mississippi River system in the United States. It represents an economically dynamic system of ports, terminals and waterways that facilitates trade through barging and ocean shipping, providing access for the region to the rest of the world via the Atlantic Ocean.