Marel hf. - Changes board/management/auditors

Marel – Changes in the Board of Directors

Marel hf. has received letters from Arni Oddur Thordarson and Theo Rein
Bruinsma announcing their resignations as members of the Company's Board of
Directors as of today. 

According to Art. 5.1 of the Company's Articles of Association, the Annual
General Meeting of Marel hf. annually elects 7-9 people to sit on the Board of
Directors, but due to the above resignations the Board now consists of 5
Directors. With reference to Art. 64, para. 2, of the Company Act No. 2/1995,
while taking due notice of the conditions therein, the Board of Directors has
resolved to postpone the election of  new Directors until the next Annual
General Meeting.