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


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25.03.2009

Statement due to speculation about increased foreign ownership in Marel Food Systems

Marel Food Systems has had informal discussions with foreign parties; banks, investment funds and larger industrial companies, about their possible participation in Marel as shareholders. The discussions were initiated by the foreign parties and have not reached a formal level.

The Board of directors in Marel Food Systems has decided to investigate the possibility of a dual listing of the company‘s shares, in either Amsterdam or Scandinavia, in addition to the current listing on Nasdaq OMX in Iceland. The aim of a dual listing is to increase access for foreign investors to invest in Marel Food Systems and improve liquidity of its shares. Marel Food Systems´ largest shareholders have declared that they view their holdings in Marel Food Systems as a long term investment.  Marel is entering into a period of capturing synergies and increasing value creation for shareholders.

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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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