Athens, Greece, Oct 24, 2007 (PrimeNewswire via COMTEX News Network) -- Capital Product Partners L.P. (Nasdaq:CPLP) today announced that its board of directors has declared a cash distribution of $0.385 per unit for the third quarter ended September 30, 2007.

This represents an increase from the previous cash distribution of $0.3626 per unit, which was the pro rata portion of the Partnership's minimum quarterly distribution of $0.375 per unit. That distribution was paid for the 88-day period from April 4, 2007, when the Partnership formally launched its shipping operations, through June 30, 2007.

The cash distribution for the third quarter is payable on November 15, 2007, to unitholders of record on November 7, 2007.

About Capital Product Partners L.P.

Capital Product Partners L.P. (Nasdaq:CPLP), a Marshall Islands master limited partnership, is an international owner of product tankers. The Partnership owns 13 product tankers, including 12 Ice Class 1A medium-range tankers, and has an agreement to purchase three additional MR product tankers from Capital Maritime & Trading Corp. All 16 vessels are under medium- to long-term charters to BP Shipping Limited, Morgan Stanley, Overseas Shipholding Group and Trafigura Beheer B.V.

CPLP-F

This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: Capital Product Partners L.P.

Capital GP L.L.C.
         Ioannis Lazaridis, Chief Executive Officer
          and Chief Financial Officer
         +30 (210) 4584 950
         i.lazaridis@capitalpplp.com
         
         Capital Maritime & Trading Corp.
         Jerry Kalogiratos, Commercial Officer
         +30 (210) 4584 950
         j.kalogiratos@capitalmaritime.com
         
         RF Binder Partners Inc.
         Robert Ferris
           +1 (212) 994-7505
           Robert.ferris@rfbinder.com
         Tom Pratt
           +1 (212) 994-7563
           Tom.pratt@rfbinder.com

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