Össur hf. - Changes in company's own shares

Ossur Hf : Share buy-back of 1,400,000 own shares for approx. USD 4.7 million

Announcement from Össur hf. No. 09/2016
Reykjavík, 11 February 2016


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

Today  the Company purchased 1,400,000 own shares (approx. 0.3% of the Company's
total  share capital) on NASDAQ  Iceland at the price  of ISK 420 per share. The
total  purchase amount  was ISK  588,000,000 million (approx.  DKK 31 million or
approx. USD 4.7 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. The shares acquired today will be included in the
Board  of  Directors'  proposal  to  decrease  the  share  capital  that will be
submitted  to the Annual General  Meeting. The proposal will  be to decrease the
Company's  share  capital  by  cancelling  3,292,688 of the Company's own shares
(approx. 0.7% of the Company's total share capital).



Contact persons:

Jón Sigurðsson, President & CEO                                 Tel:
+354 515 1300

Sveinn Sölvason, CFO                                                  Tel:
+354 515 1300


About Össur
Össur (NASDAQ: OSSR) is a global leader in non-invasive orthopaedics that helps
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, prosthetic limbs and compression therapy. 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.

[HUG#1985465]