Marel hf. - Company Announcement

New Managing Director of Fish

Marel is pleased to announce the appointment of Sigurdur Olason to the position
of Managing Director of the Fish Industry Center as of May 1st 2014. He will
become a member of Marel's Executive Team and report directly to Arni Oddur
Thordarson, CEO of Marel. Sigurdur will be succeeding Jon Birgir Gunnarsson who
is leaving the company. 

Marel is thankful to Jon Birgir Gunnarsson for his important contribution and
achievements during his employment for Marel and wishes him all the best in the
future. 

Sigurdur Olason is 41 years old and has extensive, international experience
within the seafood industry. He is familiar with Marel as he worked in Marel's
product development between the years 2001 to 2006. During the last six years
he was Manager of Business Development with Samherji, one of Icelands´s leading
seafood companies, and related companies. Sigurdur has an MBA degree from the
Brisbane Graduate School of business, a B.Sc. degree in computer science and a
B.Sc degree in engineering from the University of Iceland. 

Marel wishes Sigurdur Olason every success in his new role and welcomes him
back to Marel.