2016-10-17 20:06:57 CEST

2016-10-17 20:06:57 CEST


REGULATED INFORMATION

English
Össur hf. - Changes in company's own shares

Ossur Hf : Transactions in relation to share buyback program 


Announcement from Össur hf. No. 86/2016
Reykjavík, 17 October 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 10
October 2016 -14 October 2016:



 Date            No. of shares Avg. purchase price DKK Transaction Value DKK
----------------------------------------------------------------------------
 10 October 2016     1,000      25.90                 25,900

 11 October 2016     6,787      26.15                177,480

 12 October 2016     2,643      26.24                 69,364

 13 October 2016     10,813     25.77                278,688

 14 October 2016     9,000      26.13                235,125
----------------------------------------------------------------------------
 Total            30,243        26.01                786,557



Össur  has acquired 1,847,564 shares  under the program  at the average price of
DKK  24.65. Following the  above transactions  Össur's holding  of own shares is
5,705,537 corresponding to 1.29% 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.

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 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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