Össur hf. - Changes in company's own shares

Ossur Hf : Transactions in relation to share buyback program

Announcement from Össur hf. No. 82/2016
Reykjavík, 26 September 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 19
September 2016 - 23 September 2016:



Date               No. of shares Avg. purchase price DKK Transaction Value DKK
------------------------------------------------------------------------------
19 September 2016       1,030      25.40                26,164

20 September 2016         -          -                     -

21 September 2016      10,000      26.64                266,385

22 September 2016      11,201      26.22                293,676

23 September 2016         -          -                     -
------------------------------------------------------------------------------
Total             22,231           26.37                586,225




Össur  has acquired 1,797,117 shares  under the program  at the average price of
DKK  24.62. Following the  above transactions  Össur's holding  of own shares is
5,655,090 corresponding to 1.28% 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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Attachments:

Share buy back transactions 19.09 - 23.09 2016.pdf