Share offering - Information about the offer price and number of shares


Marel Food Systems hf., Board of Directors has decided that the offer price of
new shares in the company, which will be offered in a share offering, which
will take place on 5 and 6 June 2008, will be ISK 89.00 per share, equalling
over 6% lower price than at close of business on 3 June 2008. Furthermore, the
Board of Directors decided that the total number of new shares offered will be
156,440,000 shares. The total sales value of the offering is ISK
13,923,160,000, which is equivalent to approximately € 117 million. 

Should there be an oversubscription in the share offering, Marel Food Systems
hf. Board of Directors reserves the right to increase the number of shares on
offer by 40,115,000 shares. If the Board of Directors decides to utilise this
authorisation, the total sales value of the offering will increase up to ISK
17,493,395,000, which is equivalent to up to approximately € 147 million. 

Landsbanki Íslands hf. - Corporate Finance is the manager of the share offering.