Marel

Declaration of Voting Results & Voting Rights Announcements • Dec 20, 2024

Marel: JBT has disclosed further information regarding tender result of the voluntary takeover offer

John Bean Technologies Corporation's ("JBT") voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. expired on 20 December 2024 at 12.00 GMT. JBT has now satisfied all conditions to the offer, including the minimum acceptance condition with at least 90 percent of all issued and outstanding shares of Marel having been validly tendered in the offer.

JBT has disclosed further information regarding the final result of the offer, including the number of shares tendered, in an 8-K filing to the US Securities and Exchange Commission (SEC).

The 8-K filing along with further information is available on JBT's Investor Relations website.

Shareholder questions on offer process

Marel shareholders who hold Marel Shares listed on Nasdaq Iceland can contact Arion banki hf. with any queries related to the acceptance and/or settlement of the Offer by email at assistance. marel2024@arionbanki.is.

Marel shareholders who hold Marel Shares listed on Euronext Amsterdam should contact their financial intermediary to obtain information on the acceptance and/or settlement process. Financial intermediaries and Marel shareholders can contact ABN AMRO Bank N.V. with any queries by email at corporate.broking@nl.abnamro.com.

Further Information:

Investor Relations

• Marel Tinna Molphy
• Email: ir@marel.com
• Tel: +354 8538603

Media Relations

• FTI Alex Le May and Matthew O´Keeffe
• Email: Marel@fticonsulting.com
• Tel: +44 (0)20 3727 1340

Investor Relations

For further information, please contact Marel Investor Relations via email ir@marel.com or tel. +354 563 8001.

About Marel

Marel (NASDAQ: MAREL, AEX: MAREL) is a leading global provider of advanced food processing equipment, systems, software and services to the food processing industry. Established in 1983, we have around 7,100 employees and a presence in more than 30 countries, servicing customer accounts in over 140 countries. We are listed on Nasdaq Iceland and Euronext Amsterdam, and in 2023 we delivered EUR 1.7 billion in revenues, with 46% coming from recurring aftermarket services and software. We invest 5-6% of revenues in innovation every year, setting new benchmarks in processing poultry, meat, fish as well as pet food, aqua feed and plant protein. Utilizing cutting edge technologies such as robotics, data-driven solutions, automation and software, we empower our customers to increase yield, ensure food safety, improve sustainability and ultimately create value for their businesses. For further information, please visit marel.com/ir.

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Marel: JBT has disclosed further information regarding tender result of the voluntary takeover offer