Capital Product Partners L P : to discuss the acquisition of three latest generation LNG Carriers

Acquisition of Three Dual Fuel

LNG Carriers

September 1, 2021

Capital Product Partners L.P.

www.capitalpplp.com

Important Notice

This presentation contains forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These statements can be identified by the fact that they do not relate only to historical or current facts. In particular, forward-looking statements include all statements that express forecasts, expectations, plans, outlook, objectives and projections with respect to future matters, including,

among other things, the expected financial performance of CPLP's business following the acquisition, CPLP's

expectations or objectives regarding future distributions, and market and charter rate expectations. These forward-looking statements involve risks and uncertainties that could cause the stated or forecasted results to be materially different from those anticipated. For a discussion of factors that could materially affect the outcome of forward-looking statements and other risks and uncertainties, see "Risk Factors" in CPLP's annual report on Form 20-F filed with the SEC on April 27, 2021. Any forward-looking statements made by or on behalf of CPLP speak only as of the date they are made. Unless required by law, CPLP expressly disclaims any

obligation to update or revise any of these forward-looking statements, whether because of future events, new

information, a change in its views or expectations, to conform them to actual results or otherwise. CPLP does not assume any responsibility for the accuracy and completeness of the forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements.

Non-GAAP Measures

This presentation contains non-GAAP measures, including Operating Surplus after Reserves and

EBITDA. Operating Surplus after Reserves is a quantitative measure used in the publicly traded partnership

investment community to assist in evaluating a partnership's financial performance and ability to make quarterly cash distributions. It should not be considered a measure of profitability or liquidity. We define Operating Surplus after Reserves as EBITDA less Debt Amortization and Interest Cost. We define EBITDA as Revenue less Operating Expenses and SG&A. These definitions may differ from similarly titled measures used by other companies and MLPs. These measures are not required by accounting principles generally accepted in the United States and should not be considered a substitute for net income, cash flow from operating activities

and other operations or cash flow statement data prepared in accordance with accounting principles generally

accepted in the United States.

Strategic and Transformative Acquisition

	Participation in			▪ LNG / Natural Gas are core growing components of the global energy mix.
				− Gas to supply largest share - over 40% - of additional energy demand to 2035.
	Fast Growing
	Transition				− LNG is the fastest growing gas supply source; market expected to double by 2040.
	Energy Fuel			▪ Significant number of ships required to meet transportation needs of new gas infrastructure projects.
	Acquisition			▪ Increases contracted revenue by 86% and remaining charter duration to 4.6 years.*
	Enhances			▪ Diversification of Partnership's revenue stream, as well as asset and customer base.
	Asset Base and
	Business			▪ Reduces the average fleet age of the Partnership to 8.8 years.
	Model			▪ Important step towards reducing the environmental footprint of the Partnership.
	Attractive Deal			▪ Acquisition price compares favorably to delivered newbuilding cost estimated today at $215+ million.
	Economics
	with High			▪ Transaction attractively valued relative to key metrics.
	Accretive			▪ Highly accretive on distributable cash flow per unit.
	Transaction
				▪ Assumed attractive debt financing in place at no additional cost.
	Attractive
	Transaction			▪	Arranged $10.0 mil unsecured, non-amortizing, interest free Sellers' credit for 12 months.
	Financing &
			▪ Minimal new common equity issuance of $15.0 million.
	Growth
	Opportunities			▪ Secured further growth pipeline with optional LNG and container vessels.

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* We assume throughout this document the exercise of first two options (total 4 years per vessel) for the three vessels on charter to BP, including the one Optional Vessel, as the structure of the time charter party makes the exercise of these options highly likely.

Transaction Overview

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Transaction Overview

High Specification, Latest	▪	Capital Product Partners to acquire 3 x 174,000 CBM latest generation X-DF LNG carriers of high specification
Technology LNGs		including extras of ~$5.0 million built at Hyundai Heavy Industries ("HHI").
Employment	▪	Average Charter Duration of 5.6 years to BP Gas Marketing Limited ("BP") and Cheniere Marketing International LLP
	("Cheniere") at an average daily rate of $67,630.
Acquisition Price	Aristos I (built 2020): $203.0 million / Aristidis I (built 2021): $205.0 million / Aristarchos (built 2021): $191.5 million
	Total: $599.5 million.
	▪	$147.1 Cash at hand.
	▪	Assumption of $427.4 million in financing arrangements with a blended cost of 2.64 bps + LIBOR.
Financing
▪	$15.0 million of CPLP common units to be issued to Seller at minimum price of $13.0 per unit.
	▪	$10.0 million in interest free, non amortizing Sellers' credit repayable within 12 months.
	▪	3 x 174,000cbm LNG sister vessels all built 2021 for total acquisition price of $623.0 million.
	▪	Vessels employed to Cheniere, BP and Engie Energy Marketing Singapore Pte Ltd ("Engie") at average daily rate of
Optional Vessels		$70,650 and remaining charter duration of 6.3 years.
	▪	~$442 million of debt in place at attractive terms.
	▪	Option to be exercised by November 1, 2021 and can be executed individually for each vessel.
	▪	3 x 13,000 TEU eco container vessels under construction at HHI for delivery 4Q2022-2Q2023 with 10+2+2+2 years
Right of First Offer Vessels		employment to Hapag Lloyd Aktiengesellschaft ("Hapag Lloyd").
▪	3 x LNG carriers under construction at HHI for delivery 1Q2023-4Q2023.
	▪	Partnership retains right of first offer on any proposed sale of each vessel.
Commercial & Technical	▪	Capital Gas Ship Management Corp.
Management	▪ Daily fee: $2,000 per day.	4