Marel hf. - Company Announcement

Restructuring and transfer of operations from Oss to Boxmeer

Today Marel announced the proposed decision to the employees in Oss, The
Netherlands, to restructure and transfer all operations of Marel Meat
Processing BV and Marel Benelux BV from Oss to Boxmeer, one of Marel's core
innovation and manufacturing sites. The aim is to capture synergies and
increase Marel´s competitiveness by optimization of innovation and
manufacturing resources and reduction of cost. The anticipated costs and
benefits of this action are expected to be fully in line with the overall aim
of the simpler, smarter, and faster refocusing plan, which was launched at the
beginning of the year and is proceeding according to plan. 

Consultation with the local Works Council and Unions are under way and subject
to the outcome of this consultation process, the company aims to complete the
transfer before the end of 2014. This will result in estimated reduction of 50-
60 positions. Marel, the Works Council and the Unions will work on a
reconciliation of interests and develop a social plan, in order to provide
support for those employees affected. 

The operations in Oss include activities from IC Meat, PC Skinning and Sales
and Service Unit for Marel Benelux and a Manufacturing Center. Marel´s facility
in Oss currently employs 140 people. The distance between Oss and Boxmeer is 40
kilometers.