Marel — Major Shareholding Notification 2015

Apr 28, 2015

华

FJARMALAEFTIRLITID

STANDARD FORM - NOTIFICATION OF THE ACQUISITION OR DISPOSAL OF MAJOR PROPORTIONS OF VOTING RIGHTS

VOTING RIGHTS ATTACHED TO SHARES- ARTICLE 85 OF THE ACT ON SECURITIES TRANSACTIONS NO. 108/2007

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
2. Reason for the notification (please tick the appropriate box or boxes): [x] an acquisition or disposal of voting rights

[ ] an acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
[ ] an event changing the breakdown of voting rights

1. Full name of person(s) subject to the notification obligation:

Grundtvig Invest
Lykkensdalsvej 10,
8220 Brabrand
Denmark

1. Full name of shareholder(s) (if different from the person mentioned in point 3.):
2. Date of the transaction and date on which the threshold is crossed or reached:
3. April 2015
4. Threshold(s) that is/are crossed or reached: Below $5\%$
5. Notified details: Sale

A) Voting rights attached to shares
Class/type of shares (if possible using the ISIN CODE)	Situation previous to the Triggering transaction	Resulting situation after the triggering transaction

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中

FIÄRMÄLAEFTIRLITID

	Number of Shares	Number of Voting rights^{10}	Number of shares	Number of voting rights^{10}		% of voting rights
			Direct	Direct^{11}	Indirect^{4}	Direct	Indirect
MARL
IS0000000388	368604
94	368604
94	268604
94	268604
94		3,652%
SUBTOTAL A
(based on aggregate
voting rights)
B) Financial Instruments
---	---	---	---	---
Resulting situation after the triggering transaction^{9}
Type of financial instrument	Expiration Date^{10}	Exercise/Conversion Period/Date^{10}	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
		SUBTOTAL B (in relation to all expiration dates)
Total (A+B) [if applicable]	number of voting rights	% of voting rights
---	---	---

1. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable¹⁰:

2. In case of proxy voting: [name of the proxy holder] will cease to hold [number] voting rights as of [date].

3. Additional information:

Denmark on 22/04/15.

HENRIK GROVOTNØ

Michael Grøndby