Annual general meeting 2010

<p>The annual general meeting 2010 of Marel Food Systems hf. was held on 3 March 2010 at 15:00 at the company's headquarters, Austurhraun 9, 210 Gardabaer, Iceland.</p> <p><a rel="noopener" data-udi="umb://media/ec5d7b20b63e48a980a9c2ce1ad684d9" href="/media/64910/marel-agm-2010-minutes.pdf?ind=corporate" target="_blank" title="marel-agm-2010-minutes.pdf" class="pdf" data-anchor="?ind=corporate">Minutes from the meeting</a></p> <p><a rel="noopener" href="http://tools.euroland.com/arinhtml/is-marl/2009/ar_eng_2009/" target="_blank">Annual report 2009</a></p>

Agenda

  1. The report of the Board of Directors on the activities of the Company during the preceding year of operation.
  2. CEO's operational report. Submission of the annual accounts of the Company for the preceding year for confirmation. and decision on how to address the profit or loss from the Company·s operations for the year.
  3. Decision in respect of dividends for the year 2009.
  4. Decision on remuneration to the members of the Board of Directors for the next year of operation and of the Auditor for the preceding year of operation.
  5. Proposal on the Company·s remuneration policy.
  6. Proposals on amendments of the Company's Articles of Association.
    a) Art. 1.1. Proposal to change the name of the Company to Marel hf.
    b) Art. 4.14. - Proposal to amend I list of matters addressed at Annual General Meeting
    c) Art. 4.16. - Proposal to extend the period for announcement/notification of the Company's shareholders meetings.
    d) Art. 4.18. - Proposal to have the Company's Annual General Meeting announced with no less than three week's notice.
    e) Art. 5.1. - Proposal to increase number of Directors of the Company from 6 to 8.
    f) Art. 15.1. - Proposal to increase the number of shares from ISK 12.000.000 to ISK 45,000.000 which the Company's Board of Directors is authorised to issue as new shares in relation to fulfil share option contracts concluded with employees etc. in accordance with the Company's applicable stock option programme.
    g) Art. 15.3. - Proposal to delete reference to amount as share capital of the Company is variable from time to time.
  7. Elections to the Board of Directors.
  8. Election of an auditor or auditing firm.
  9. Proposal on a renewed authorisation for the Company to buy shares in itself.
  10. Any other business, lawfully presented.