Marel Food Systems hf. - Company Announcement

- Marel Food Systems hf.' bond offering - Additional Information

Marel Food Systems hf.'s bond offering, which took place 22 and 23 May, has
been successfully completed. Bonds amounting to ISK 6 billion (€ 52 million)
were sold in the bond offering. The bonds class' identification is MARL 08 1
and its ISIN number is IS0000018083. Each nominal unit is ISK 5,000,000 and the
date of issuance was 20 May 2008. Interest is paid simultaneously with
amortisation which is in one year time. No benefits are attached to the bonds
class and they are no third party guarantees or securities attached to them. 

It is the intention to seek listing of the bonds class on Nasdaq OMX Exchange
Iceland.
Landsbanki's Securities Brokerage was the manager of the bond offering.