Össur hf. - Changes in company's own shares

Ossur Hf : Share buyback program completed

Announcement from Össur hf. No. 61/2017
Reykjavík, 21 August 2017


On  15 August 2017, Össur  hf. initiated  a share  buy-back program, see Company
announcement no. 59/2017.

The  purpose of  the share  buyback program  was 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
would  end  no  later  than  31 July  1018. The  Company  could  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 should
not exceed USD 10 million.

The following transactions were made under the program in week 1, the period 14
August 2017 - 18 August 2017:

 Date           No. of shares Avg. purchase price DKK Transaction Value DKK
---------------------------------------------------------------------------
 14 August 2017       -          -                     -

 15 August 2017     12,224     29.35                358,717

 16 August 2017     4,390      29.74                130,541

 17 August 2017     1,712      29.74                 50,920

 18 August 2017     7,063      29.62                209,206
---------------------------------------------------------------------------
 Total          25,389         29.52                749,384



Össur  acquired  25,389 shares  under  the  program  at the average price of DKK
29.52. Following  the  above  transactions  Össur's  holding  of  own  shares is
8,286,747 corresponding to 1.90% of the Company's total share capital.

The  share buyback  program was  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

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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 15.08 - 18.08. 2017.pdf