Leading global provider of advanced equipment
and systems for the food processing industry


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25.09.2009

Share increase

The Board of Directors of Marel Food Systems hf. decided on its meeting on 23 September 2009 to utilise authorization in the Company's Articles of Associations, article 15.2, to increase its share capital by issuing new shares for nominal amount of ISK 9,131,725. The share increase was conditional upon a proposed acquisition by funds controlled by Columbia Wanger Asset Management, L.P. of 5.2% share capital in Marel being executed, which has now been satisfied. Total issued share capital after the increase is ISK 616,000,000. According to article 15.2. shareholders have fully waived their pre-emptive rights to share increase under this article.

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Tel.: +354 563 8543

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Marel is the leading global provider of advanced equipment, systems and services to the fish, meat and poultry industries. Our brands – Marel, Stork Poultry Processing and Townsend Further Processing – are among the most respected in the industry. Together, we offer the convenience of a single source to meet our customers’ every need. With offices and subsidiaries in over 30 countries and a global network of more than 100 agents and distributors, we work side-by-side with our customers to extend the boundaries of food processing performance.

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