The purpose of the Agreement is to support trading in JBT Marel Corporation shares by facilitating and ensuring effective and transparent price discovery.

Under the Agreement, Landsbankinn will, on each trading day, submit bids and offers to buy and sell JBTM’s shares in the trading system of Nasdaq Iceland for a minimum market value of ISK 15,000,000. The maximum net amount that Landsbankinn is obliged to buy or sell each day is ISK 30,000,000 at market value. Quotes must be renewed within 15 minutes after being fully accepted. The maximum volume-weighted bid/ask spread is determined by the 10-day share price volatility of JBTM as calculated by Bloomberg and shall not exceed 1.5% if volatility is below 30%, or 3.0% if volatility is 30% or higher. Additionally, the spread between the best bid and best ask offers shall not exceed 1.5%.

The Agreement otherwise takes into account EU Regulation 2017/578 of the European Commission of 13 June 2016 on regulatory technical standards regarding requirements for market making agreements and schemes as provided for in Article 48(12) of Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments which are legally valid in Iceland pursuant to the provisions of Act No. 115/2021 of the Market in Financial Instruments Act.
Market making activities under the Agreement will commence on 20 January 2026 and at the same time JBT Marel Corporation’s market making agreement with Arion banki hf. terminates. The Agreement remains in effect until terminated and either party may terminate it at any time with 7 days’ notice.

JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM) is a leading global technology solutions provider to high-value segments of the food & beverage industry. JBT Marel brings together the complementary strengths of both the JBT and Marel legacy organizations to transform the future of food. JBT Marel provides unique and integrated solutions offerings by designing, manufacturing, and servicing cutting-edge technology, systems, and software for a broad range of food and beverage end markets. JBT Marel aims to create better outcomes for customers by optimizing food yield and efficiency, improving food safety and quality, and enhancing uptime and proactive maintenance, all while reducing waste and resource use across the global food supply chain. JBT Marel operates sales, service, manufacturing and sourcing operations in more than 30 countries. For more information, please visit www.jbtmarel.com

Investors & Media:
Marlee Spangler
JBTMarel.IR@jbtc.com
+1 (312) 861-5784