Marel : Transactions in relation to a share buy-back program

Investors

04 Jan 2019

In week 1, Marel hf. purchased 851,112 of its own shares, at the purchase price of ISK 314,603,842 kr. See further details below:

Date	Time	No. of shares bought	Share price (rate)	Purchase price (ISK)
2.1.2019	09:32:42	100.000	368,00	36.800.000
2.1.2019	12:58:08	63.745	370,00	23.585.650
2.1.2019	12:58:36	19.959	371,00	7.404.789
2.1.2019	12:58:50	77.541	371,00	28.767.711
2.1.2019	13:29:42	22.459	373,50	8.388.436
3.1.2019	09:37:18	283.704	374,00	106.105.296
4.1.2019	09:48:25	282.704	365,00	103.186.960
4.1.2019	09:51:00	1.000	365,00	365.000
Totals		851.112		314.603.842

The trade is in accordance with Marel's buy-back program, announced by Nasdaq Iceland on 3 December 2018, and based on the authorisation of a shareholders' meeting of Marel hf. on 22 November 2018.

Marel hf. held 10,762,406 own shares prior to the notified transactions and holds 11,613,518 own shares after them, or the equivalent of 1.70% of issued shares in the company.

Marel hf. has purchased a total of 4,922,968 own shares under the buy-back program, which corresponds to 0.72% of issued shares in the company, for a total purchase price of ISK 1,865,044,969.

Buy-backs under the program will amount to a maximum of 17,305,940 million shares, or the equivalent of 2.5% of issued shares. The buy-back program is in effect from 4 December 2018 until and including 5 March 2019.

The buy-back program was executed in accordance with Chapter VIII. of Act No. 2/1995 on Public Limited Companies and Chapter II of the Annex to Regulation No. 630/2005 on Inside Information and Market Abuse, 'Trade in own shares under buy-back programmes and the stabilisation of financial instruments', with later amendments.

Investor relations

For further information, please contact Tinna Molphy or Marino Thor Jakobsson via email [e-mail] or tel. [phone].