INVESTOR RELATIONS

Marel is committed to providing stakeholders with comprehensive information on the company and its operations. Equal access to timely and accurate information, within the limits set by commercial sensitivity, is key to building a relationship of mutual trust with current shareholders and potential investors.

Investor Relations Policy

Sources of investor information

Marel aims to meet the highest standards in its investor relations by continuously improving the quality, transparency and consistency of its information disclosure. Investors can follow annual and quarterly results presentations broadcast live over the Internet and have access to archived financial reporting, webcasts and other relevant investor material at marel.com/investors.

Financial reports

Detailed quarterly and annual financial reporting and analysis, including comments on the progress of Marel’s operations, are available on the IR website. Upon the close of each financial quarter, senior management presents Marel’s results in English for analysts and investors. Following the live Internet webcast a recording is archived and available online in accordance with the requirements of NASDAQ Iceland.

Annual report

The annual report gives a comprehensive overview of Marel’s operations, plus a detailed description of the company’s performance each year. The report is available in English and easily accessible online on a computer, tablet or mobile phone at marel.com/annualreport.

IR website

The investor relations site at www.marel.com/investors provides extensive news and background information on Marel for both analysts and investors.

Archived financial information available in Icelandic and English includes regulatory announcements, analyst coverage, share price data, major shareholders, dividend policy and the financial calendar and corporate events.

Analyst coverage

Marel is covered by five analysts in total, four Icelandic and one international, who actively track and publish opinions on Marel and its stock.

International listing of shares

In line with the company’s intention to pursue a dual listing of its shares, at its 2019 AGM shareholders will be asked to authorize the issuance of new share capital of up to 15% to support a successful international listing, fair valuation and liquidity.

In order to align the interests of current and future shareholders regarding the anticipated share capital increase the Board of Directors decided to call an Extraordinary General Meeting on 22 November 2018.

The two proposals on the agenda were both approved by the meeting. Firstly, to reduce the company’s share capital in connection with preparations for possible dual listing of the company, for the benefit of shareholders. Article 2.1 of the Articles of Association for Marel hf. was amended accordingly and now states as follows: "The share capital of the company amounts to ISK 682,585,921.” This amounted to EUR 6.2 million at year-end 2018.

Secondly, authorization was granted to the Board of Directors to initiate a formal share buyback program, under which the company may purchase up to 34,129,296 shares in total, corresponding to 5% of share capital. All relevant information and documents in relation to the Extraordinary General Meeting are available and archived on marel.com/egm.

Financial Calendar for 2019

Event	Date
Annual General Meeting	6 March, 2019
Q1 2019	29 April, 2019
Q2 2019	24 July, 2019
Q3 2019	23 October, 2019
Q4 2019	5 February, 2019
Annual General Meeting 2020	4 March, 2020

NASDAQ Iceland

Marel has been listed on the Icelandic stock exchange NASDAQ Iceland since 1992 and all of its regulatory announcements can be found at www.nasdaqomxnordic.com.

Tickers

Information on Marel is available on Bloomberg and Reuters under the tickers MARL1:PZ and MARL.IC respectively.