Marel hf. - Total number of voting rights and capital

Increase in share capital

The Board of Directors of Marel hf resolved at its meeting today, 2 February
2011, to use an authorization in Marel‘s Articles of Associations, article
15.1., to increase the share capital of Marel hf in the amount of ISK 5,277,750
nominal value to fulfill stock option agreements made in 2006 and 2007. Thenew
shares will be sold to stock option holders at the weighted average rate of ISK
71,51 per share. Accordingly, the share capital of Marel hf increases from ISK
730,291,247 to ISK 735,568,997.