Marel hf. - Company Announcement

Marel extends maturity of financing

Marel is pleased to announce that it has secured an amendment and extension of
its current long term financing. The financing is provided by a consortium of
five international banks that have agreed to extend maturity by one year. 

  -- The facility is extended with final maturity in November 2017.
  -- The facility was originally entered into in November 2010, with total
     amount of EUR 350 million.
  -- The consortium consists of ABN Amro, ING Bank, Landsbankinn, LB Lux and
     Rabobank.
  -- Current interest terms are EURIBOR/LIBOR + 250 bps for the facility
     depending on leverage.

The amendment and extension gives Marel additional flexibility to support the
company's long term strategy. 

For further information contact:

Linda Jónsdóttir Corporate Director of Treasury and IR, tel: (+354) 563 8464.

Auðbjörg Ólafsdóttir, Investor Relations specialist, tel: (+354) 563 8626.