Saga Capital Investment Bank hf. and Marel hf. have signed a market making agreement where Saga Capital acts as market maker in for shares issued by Marel. The company holds a previous market making agreement with Landsbanki. The purpose of Saga Capitals' market making is to facilitate trading in the company's shares on the OMX Nordic Exchange in Iceland. The agreement is effective as of today and is for an unlimited time but with one month's notice. The terms of the market making are as follows: -Saga Capital will make daily bid and ask offers in Marel (MARL) for a minimum of ISK 200,000 at nominal value at a price determined by Saga Capital at all times; -The maximum bid-ask spread shall not exceed 1,5%; -The deviation from the last transaction price shall not exceed 3%; -The maximum obligated total trades per day is ISK 100,000,000 at market value. Marel and Saga Capital have also signed an agreement where Saga Capital purchases 3.700.000 new shares in Marel and on Marel's Board meeting on 14 may 2007 the issue of the 3.700.000 shares in Marel was approved, as authorised in article 15.2 in the company's articles of association. The total share capital of Marel after the issuance of new shares is ISK 370.780.732 shares.