Marel — Major Shareholding Notification 2024

Dec 23, 2024

SIDA BALLERING

Standard form – Notification of the acquisition or disposal of major proportions of voting rights

Notification in accordance with act nr. 20/2021

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached i: Marel hf., id.no. 620483-0369, Austurhraun 9, 210 Garðabær, Iceland
2. Reason for the notification (please tick the appropriate box or boxes):

☑ 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 ii: UBS Group AG
2. Full name of shareholder(s) (if different from the person mentioned in point 3.) iii
3. Date of the transaction and date on which the threshold is crossed or reached iv: 20 December 2024
4. Threshold(s) that is/are crossed or reached: Below 5%
5. Notified details:

A) Voting rights attached to shares
Class/type of shares (if possible using the ISIN CODE)	Situation previous to the Triggering transactionv		Staða eftir flögmunarskyld viðskipti vi
	Number of Shares	Number of voting rightvii	Number of Shares	Number of voting rightviii		% of voting rights
			Direct	Directix	Indirectx	Direct	Indirect
IS0000000388	53,459,322	53,459,322			0		0
SUBTOTAL A (based on aggregate voting rights)	53,459,322	53,459,322			0		0

Financial supervision

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Financial supervision

B) Financial Instruments in accordance with Article 14(1)a of Act nr. 20/2021
Resulting situation after the triggering transactionxi x)
Type of financial instrument	Expiration Date xi)	Exercise/Conversion Period/ Date xii)	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)
C) Financial Instruments in accordance with Article 14(1)b of Act nr. 20/2021
---	---	---	---	---
Resulting situation after the triggering transactionxi x)
Type of financial instrument	Expiration Date xiii)	Exercise/Conversion Period/ Date xiv)	Physical or settlement	Number of voting rights
SUBTOTAL C (in relation to all expiration dates)
Total (A+B+C) [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 applicable xv:

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

3. Additional information: This notification on major holdings is made is accordance with Article 109(1) of the Icelandic Act No. 108/2007 on Takeovers.

11.

Konstantina Georgaki (Director)
Iwona Konwinska (Associate Director)
[Name]

Zurich, Switzerland
Done at [place]

23 December 2024
on [date]

Financial supervision

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Financial supervision