Marel: Transactions in relation to a share buyback programme

Marel hf.
Changes in company's own shares Marel: Transactions in relation to a share buyback programme

In week 11, Marel hf. purchased 939,374 of its own shares on Nasdaq Iceland, at the purchase price of ISK 470,090,838. See further details below:

Date	Time	No. of shares bought	Share price ISK (rate)	Purchase price (ISK)
11.3.2020	09:35	50.000	537	26.850.000
11.3.2020	09:38	50.000	535	26.750.000
11.3.2020	09:49	50.000	532	26.600.000
11.3.2020	09:49	100.000	529	52.900.000
11.3.2020	13:20	50.000	533	26.650.000
11.3.2020	13:35	300	530	159.000
11.3.2020	13:35	3.700	530	1.961.000
11.3.2020	14:06	9.752	530	5.168.560
12.3.2020	09:52	25.000	469	11.725.000
12.3.2020	09:54	50.000	469	23.450.000
12.3.2020	10:13	50.000	460	23.000.000
12.3.2020	10:35	100.000	468	46.800.000
12.3.2020	11:32	30.000	480	14.400.000
12.3.2020	11:32	20.000	480	9.600.000
12.3.2020	14:21	11.870	483	5.733.210
12.3.2020	15:21	25.000	490	12.250.000
13.3.2020	11:23	33.760	497	16.778.720
13.3.2020	11:25	1.101	495	544.995
13.3.2020	11:27	5.000	497	2.485.000
13.3.2020	11:34	15.000	497	7.455.000
13.3.2020	12:01	100.000	496	49.600.000
13.3.2020	12:04	48.899	495	24.205.005
13.3.2020	14:17	1.180	495	584.100
13.3.2020	14:26	50.000	500	25.000.000
13.3.2020	14:35	50.000	500	25.000.000
13.3.2020	15:14	8.812	504	4.441.248
Total		939,374		470,090,838

The transactions are carried out in accordance with Marel's buyback programme, announced on 10 March 2020, and based on the authorisation of Marel hf.´s Annual General Meeting on 6 March 2019.

Marel hf. held 10,773,814 own shares prior to the notified transactions and holds 11,713,188 own shares after them, or the equivalent of 1.52% of issued shares in the company.

Marel hf. has purchased a total of 939,374 own shares under the buyback programme, which corresponds to 0.12% of issued shares in the company, for a total purchase price of ISK 470,090,838.

Buybacks under the programme will amount to a maximum of 25,000,000 million shares, or the equivalent of 3.2% of issued shares. The buyback programme is in effect from 11 March 2020 until and including 4 September 2020.

The buyback programme is executed in accordance with Chapter VIII. of the Icelandic Act No. 2/1995 on Public Limited Companies, the Icelandic Act on Securities Transactions No. 108/2007, Chapter II of the Annex to Icelandic Regulation No. 630/2005 on Inside Information and Market Abuse, Regulation No. 596/2014 of the European Parliament and of the Council on market abuse ('MAR'), and the Commission's delegated regulation 2016/1052.

Investor Relations

For further information, please contact Marel Investor Relations via email [e-mail] and tel. [phone].

About Marel

Marel (NASDAQ: MAREL; AEX: MAREL) is a leading global provider of advanced food processing equipment, systems, software and services to the poultry, meat and fish industries. Our united team of 6,300 employees in over 30 countries delivered around EUR 1.3 billion in revenues in 2019. Annually, Marel invests around 6% of revenues in innovation. By continuously transforming food processing, we enable our customers to increase yield and throughput, ensure food safety and improve sustainability in food production. Marel was listed on NASDAQ Iceland in 1992 and dual-listed on Euronext Amsterdam in June 2019.