Marel — Major Shareholding Notification 2024

Dec 23, 2024

S

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: MARL – Marel hf.
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: Eyrir Invest hf., kt. 480600-2150, Skólavörðustíg 13, 101 Reykjavík.
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: Under 20%, under 15%, under 10% and under 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 flöggunarskyld 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	190.366.838	190.366.838	0	0		0%
SUBTOTAL A (based on aggregate voting rights)	190.366.838	190.366.838	0	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)	Physicalorsettlement	Number of voting rights
Facility Agreement with lenders' right to receive shares.		4-23 November 2026	The Right of Lenders to receive shares.	0
SUBTOTAL C (in relation to all expiration dates)
Total (A+B+C) [if applicable]	Number of voting rights	% of voting rights
---	---	---
	0	0%

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: Reference is made to Eyrir Invest hf.'s notification dated 2 November 2022, on the rights of Eyrir Invest hf.'s lenders to receive shares in Marel hf., as further described therein. Eyrir Invest hf. accepted the voluntary offer of John Bean Technologies Corporation to the shareholders of Marel hf. which expired at 12:00 noon GMT on 20 December 2024. Results of the offer were published on 20 December 2024. This notification on major holdings is made is accordance with Article 109(1) of the Icelandic Act No. 108/2007 on Takeovers. Following the transaction Eyrir Invest hf. does not hold any shares in Marel hf.

Signed by:
Signý Síf Sigurðardóttir
Signý Sif Sigurðardóttir, CEO

Reykjavik
20.12.2024