2016-10-24 18:00:27 CEST

2016-10-24 18:00:27 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. 87/2016
Reykjavík, 24 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 17
October 2016 -21 October 2016:



 Date            No. of shares Avg. purchase price DKK Transaction Value DKK
----------------------------------------------------------------------------
 17 October 2016     11,470     25.91                297,219

 18 October 2016     8,000      25.66                205,249

 19 October 2016     5,386      25.47                137,166

 20 October 2016     4,440      25.66                113,944

 21 October 2016     1,051      25.79                 27,105
----------------------------------------------------------------------------
 Total            30,347        25.73                780,683



Össur  has acquired 1,877,911 shares  under the program  at the average price of
DKK  24.66. Following the  above transactions  Össur's holding  of own shares is
5,735,884 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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