Marel — Major Shareholding Notification 2024

Dec 23, 2024

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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., registration number 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: John Bean Technologies Europe B.V.
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 (to be settled on 2 January 2025)
4. Threshold(s) that is/are crossed or reached: Over 90%
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		Resulting situation after the triggering transaction vi
	Number of Shares	Number of voting rightvii	Number of Shares	Number of voting rightviii		% of voting rights
			Direct	Directix	Indirectx	Direct	Indirect
IS0000000388	No previous disclosure	No previous disclosure		735,338,954		97.5%
SUBTOTAL A (based on aggregate voting rights)				735,338,954		97.5%

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 orsettlement	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
---	---	---
	735,338,954	97.5%

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: John Bean Technologies Europe B.V. is wholly-owned subsidiary of John Bean Technologies Corporation

Brian A. Deck,
President and Chief Executive Officer

Chicago, Illinois, United States
23 December 2024