Össur hf. - Changes in company's own shares

Ossur Hf : Transactions in relation to share buyback program

Announcement from Össur hf. No. 47/2017
Reykjavík, 3 July 2017

On  1 December  2016, Össur  hf.  initiated  a  new  share buy-back program, see
Company announcement no. 96/2016.

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  30 November  2017. The  Company  may  purchase up to
5,000,000 shares  under the program, corresponding  to 1.2% 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 week 31, the
period 26 June 2017 - 30 June 2017:

 Date         No. of shares Avg. purchase price DKK    Transaction Value DKK
-------------------------------------------------------------------------------
 26 June 2017     76,501      31.80                  2,432,548

 27 June 2017     60,027      32.19                  1,932,089

 28 June 2017     33,544      31.70                  1,063,388

 29 June 2017     31,023      31.38                   973,474

 30 June 2017      4,980      30.20                   150,375
-------------------------------------------------------------------------------
 Total         206,075        31.79                  6,551,874




Össur  has acquired 1,660,163 shares  under the program  at the average price of
DKK  28.76 Following the  above transactions  Össur's holding  of own  shares is
7,761,638 corresponding to 1.78% of the Company's total share capital.

The share buyback program on Nasdaq Copenhagen is carried out in accordance with
Regulation  No. 596/2014 of the European Parliament and of the Council on market
abuse ("MAR"), and the Commission delegated regulation No. 2016/1052.

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 orthopedics
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 Statement 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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Attachments:

Share buy back transactions 26.06 - 30.06. 2017.pdf