Össur hf. - Changes in company's own shares

Ossur Hf : Transactions in relation to share buyback program

Announcement from Össur hf. No. 40/2017
Reykjavík, 22 May 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 25, the
period 15 May 2017 - 19 May 2017:

 Date        No. of shares Avg. purchase price DKK Transaction Value DKK
------------------------------------------------------------------------
 15 May 2017     3,969      28.15                111,727

 16 May 2017     4,472      18.15                125,887

 17 May 2017     17,000     27.91                474,530

 18 May 2017     10,751     27.79                298,771

 19 May 2017     2,000      27.75                 55,500
------------------------------------------------------------------------
 Total         38,192       27.92               1,066,415



Össur  has acquired 807,043 shares under the program at the average price of DKK
25.85 Following  the  above  transactions  Össur's  holding  of  own  shares  is
6,908,518 corresponding to 1.58% 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

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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 15.05 - 19.05. 2017.pdf