Össur hf. - Changes in company's own shares

Ossur Hf : Transactions in relation to share buyback program

Announcement from Össur hf. No. 23/2016
Reykjavík, 22 February 2016


On  3 December 2015, Össur hf.  initiated a share  buy-back program, see Company
announcement no. 48/2015.

The  purpose  of  the  share  buyback  program  is to reduce the Company's share
capital and adjust the capital structure by distributing capital to shareholders
in  line with the  Company's Capital Structure  and Dividend Policy. The program
will  end  no  later  than  1 December  2016. The  Company  may  purchase  up to
5,000,000 shares  under the program, corresponding  to 1.1% of the current share
capital.  The total consideration  for shares purchased  under the program shall
not exceed USD 10 million (approx. DKK 70 million).

The following transactions have been made under the program in the period 15
February 2016 - 19 February 2016:



 Date              No. of shares Avg. purchase      Transaction Value
                                 price DKK          DKK
-------------------------------------------------------------------------------
 15 February 2016      3,000             21.62        64,850

 16 February 2016      1,500             21.87        32,800

 17 February 2016      1,000             23.32        23,320

 18 February 2016      7,000             23.81        166,685

 19 February 2016     14,000             23.90        334,668
------------------------------------------------------------------------------
 Total                 26,500           23.48         622,323
------------------------------------------------------------------------------




Össur has acquired 548,535 shares under the program at the average price of DKK
22.64. Following the above transactions Össur's holding of own shares is
4,163,535 corresponding to 0.93% of the Company's total share capital.

The share buyback program on NASDAQ Copenhagen is carried out in compliance with
the provisions of the European Commission's Regulation No. 2273/2003 ("the Safe
Harbor Regulation").

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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