Transaction in own financial instruments

Name: Marel hf.

Date of transaction: July 28, 2021

Buy or Sell: Sell

Type of instrument: Equities

Number of shares: 173,866

Price: EUR 2.713

Primary insider's holdings after the transaction: 17,019,241

Date of settlement: N/A

Reason for transaction:

Transaction to fulfill obligations of stock option agreements. The stock options were granted in the year 2018 in accordance with the Company‘s remuneration policy as approved by the Company‘s AGMs. The total number of exercised options was 325,000 and the exercise price was EUR 2.713 per share. Option holder purchased 56,980 shares in total at a purchase price of EUR 2.713 per share. Remaining shares were delivered on the basis of netting, i.e. shares equal to the difference of the exercise price of the stock options (EUR 2.713 per share) and closing price on Euronext Amsterdam on 27 July 2021, both numbers multiplied with the number of options exercised this way, which were 268,020, less taxes.