Össur hf. - Changes in company's own shares

Ossur Hf : Share buy-back of 2,465,000 own shares for approx. USD 8 million

Announcement from Össur hf. No. 47/2015
Reykjavík, 6 November 2015



        Share buy-back of 2,465,000 own shares for approx. USD 8 million



Reference is made to Össur hf.'s announcement No. 46/2015 published on 28
October 2015.

Today  the Company purchased 2,465,000 own shares (approx. 0.6% of the Company's
total  share capital) on NASDAQ  Copenhagen at the price  of DKK 22,2 per share.
The total purchase amount was DKK 54,723,000 million or approx. USD 8 million.

The  purpose  of  the  share  buy-back  is  to  adjust  the capital structure by
distributing  capital  to  shareholders  in  line  with  the  Company's  Capital
Structure  and Dividend Policy. A proposal to decrease the share capital will be
submitted to the Annual General Meeting in 2016 as a result of this transaction.



Contact persons:

Jón Sigurðsson, President & CEO                                      Tel:
+354 515 1300
Sveinn Sölvason, CFO                                                      Tel:
+354 515 1300
Össur press releases by e-mail
If  you wish to  receive Össur press  releases by e-mail  please register at the
following web-site: http://www.ossur.com/investormailings

About Össur

Össur  (NASDAQ: OSSR) is a global  leader in non-invasive orthopaedics that help
people  live a  life without  limitations. Its business  is focused on improving
people's  mobility through  the delivery  of innovative  technologies within the
fields  of  braces,  supports  and  prosthetic  limbs.  A recognized "Technology
Pioneer",  Össur invests significantly in  research and product development; its
award-winning   designs   ensuring   a   consistently  strong  position  in  the
market.  Successful  patient  and  clinical  outcomes  are further empowered via
Össur's  educational programs and business solutions.  Headquartered in Iceland,
Össur  has major  operations in  the Americas,  Europe and Asia, with additional
distributors worldwide. www.ossur.com

Forward-Looking Statements



This press release includes "forward-looking statements" which involve risks and
uncertainties  that could cause actual results to differ materially from results
expressed or implied by these statements. Össur hf. undertakes no obligation and
does  not intend to update these forward-looking statements to reflect events or
circumstances occurring after this press release. You are cautioned not to place
undue  reliance on these forward-looking statements,  which speak only as of the
date  of this  press release.  All forward-looking  statements are  qualified in
their entirety by this cautionary statement.


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