Össur hf. - Managers' transactions

Ossur Hf : Share options granted

Announcement from Össur hf. No. 54/2016
Reykjavik, 20 May 2016



Today,   Össur  hf.  has  granted  850,000 share  options;  625,000 to  Mr.  Jon
Sigurdsson President & CEO, 225,000 to Mr. Sveinn Sölvason, CFO.

The  exercise  price  is  DKK  25.85, i.e.  the Company's average share price on
NASDAQ  Copenhagen 20 trading days prior to  the grant date. First exercise date
is 20 May 2019.

Mr.  Jon  Sigurdsson  holds  595,474 shares  in Össur and 625,000 share options.
Previously  500,000 share options had been granted to Mr. Sveinn Sölvason and he
holds no shares in Össur.

The  share options  were granted  in accordance  with the Company's share option
scheme  implemented on 27 May 2015. Further details  on the share option scheme,
including  the  key  terms  and  conditions,  can  be  found  in  the  Company's
announcement No. 24/2015 published on 27 May 2015.

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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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