Össur hf. - Company Announcement

Össur hf. Delisting from NASDAQ OMX Iceland accepted

                                               Announcement Össur hf. No. 5/2011
                                                        Reykjavik, 11 March 2011



                   Delisting from NASDAQ OMX Iceland accepted

NASDAQ OMX Iceland has today accepted Össur's request from 15 November 2010 to
remove the shares from trading on NASDAQ OMX Iceland. The removal will be
effective as of close of trading on 25 March 2011.

NASDAQ OMX in Iceland has decided, at its own initiative and without
consultation with the Company, to create a market for the shares in ISK as of
28 March 2011.


No actions are required from shareholders.

Össur's trading platform for the shares is NASDAQ OMX Copenhagen.

For further information, please contact:
Jón Sigurðsson, President & CEO Tel: +354 515 1300
Hjörleifur Pálsson, CFO Tel: +354 515 1300

About Össur
Össur  (OMX: 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,  prosthetic  limbs  and  compression therapies. 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.

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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