Capital Product Partners L.P. Announces Cash Distribution

ATHENS, GREECE--(Marketwire - January 21, 2011) - Capital Product Partners L.P. (NASDAQ: CPLP) today announced that its board of directors has declared a cash distribution of $0.2325 per unit for the fourth quarter of 2010, ended December 31, 2010.

The fourth quarter cash distribution is in line with management's revised annual distribution guidance of $0.93 per unit announced in June 2010 and will be paid on February 15, 2011 to unit holders of record on February 4, 2011.

About Capital Product Partners L.P.

Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands master limited partnership, is an international owner of modern double-hull tankers. Capital Product Partners L.P. owns 21 modern vessels, comprising 18 MR tankers, two small product tankers and one Suezmax crude oil tanker. Most of its vessels are under medium to long-term charters to BP Shipping Limited, Overseas Shipholding Group, Petroleo Brasileiro S.A., Arrendadora Ocean Mexicana S.A. de C.V. and Capital Maritime & Trading Corp. For more information about the Partnership and to access or request a copy of its Annual Report, please visit the website: www.capitalpplp.com.

Forward-Looking Statements

The statements in this press release that are not historical facts 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 Information:

For further information please contact:

CAPITAL GP L.L.C.:

Ioannis Lazaridis, CEO and CFO
+30 (210) 4584 950
i.lazaridis@capitalpplp.com

Jerry Kalogiratos
+30 (210) 4584 950
j.kalogiratos@capitalpplp.com

INVESTOR RELATIONS/MEDIA:

Capital Link, Inc.,
230 Park Avenue - Suite 1536
New York, NY 10160, USA
Tel: (212) 661-7566
Fax: (212) 661-7526
E-mail: cplp@capitallink.com
www.capitallink.com
Contact: Nicolas Bornozis, President