Marel Food Systems hf. - Notice to convene extr.general meeting

Annual General Meeting will be held 3 March 2010

The Annual General Meeting of Marel Food Systems hf. will be held at the
company‘s headquarters at Austurhraun 9, Garðabær, on Wednesday 3 March at
15:00. 
Agenda:

1. Annual General Meeting matters as provided for in Article 4.14 of the
company‘s Articles of Association. 

2. Proposal on a renewed authorisation for the Company to buy shares in itself.

3. Proposals on amendments of the Company's Articles of Association
   - Proposal to change the name of the Company to Marel hf.
   - Proposal to amend list of matters addressed at Annual General Meeting. 
   - Proposal to extend the period for announcement/notification of the
Company's shareholders meetings from 14 days to 21 day.
   - Proposal to increase number of Directors of the Company from 6 to 8.
   - Proposal to increase the number of shares from ISK 12,000,000 to ISK
45,000,000 which the Company's Board of Directors is authorised to issue as new
shares in relation to fulfill share option contracts concluded with employees
etc. in accordance with the Company's applicable stock option programme.
   - Proposal to delete reference to amount in art. 15.3. as share capital of
the Company is variable from time to time.

4. Any other business, lawfully presented.

The meeting will be conducted in English and Icelandic.

Specific interest is drawn to the fact that candidatures for the Board of
Directors shall be submitted in writing to the company at the latest five full
days prior to the meeting. 
In order for shareholders to have proposals or matters considered by the
meeting, they must have been submitted to the Board of Directors at least seven
days prior to the meeting. 
Further information on deadlines in relation to the right of shareholders to
submit proposals etc. can be found on the company's website www.marel.com. 
Additionally, all further information in relation to the Annual General Meeting
can be found on the website, including its draft agenda, proposals of the Board
of Directors, Company's annual statements for the year 2009, information on the
total number of shares and voting rights as of February 9 2010 as well as
information on documents to be submitted in relation to the meeting. 

The meeting´s agenda, the annual report and final proposals will be available
to shareholders at the company‘s offices at Austurhraun 9, Garðabær, seven days
prior to the meeting. 
The agents of shareholders shall submit written proxies at the entrance of the
meeting. Ballots and other applicable documents will be available at the venue
of the meeting as of 14.30 on the day of the meeting. 
The Board of Directors of Marel Food Systems hf.