Crude Carriers Corp. Announces Shareholder Approval of Merger Agreement With Capital Product Partners L.P.

Crude Carriers Corp. (NYSE: CRU) announced today that, at a special meeting of Crude shareholders held today in Piraeus, Greece, its shareholders have approved the proposal to adopt the merger agreement dated May 5, 2011 providing for the acquisition of Crude by Capital Product Partners L.P. in a unit-for-share transaction with Crude shareholders receiving 1.56 CPLP common units for each Crude share. The consummation of the merger was subject to approval by: (i) the holders of a majority of the voting power of the shares of Crude common stock and Crude Class B stock, voting together as a single class; (ii) the sole holder of the shares of Crude Class B stock, voting as a separate class; and (iii) the holders of a majority of the voting power of the shares of Crude common stock held by unaffiliated shareholders who are not affiliates of either Crude or CPLP, voting separately.