Marel hf. - Company Announcement

Marel - financing

Marel is in formal discussions with a limited number of international banks
regarding the financing of the company. The company is seeking a new, stable
and cost efficient financing structure for the longer term future. Such a
structure would also facilitate further integration of the company's
operations. 

The proposed financing is subject to a number of conditions. As part of this
process, the company will initiate discussion with Marel bond holders (MARL 06
1 and MARL 09 1) on the possible prepayment of these bonds.