Össur hf. - Managers' transactions

Ossur Hf : Share options granted

Announcement from Össur hf. No.24/2016
Reykjavik, 22 February 2016


Today,   Össur   hf.   has  granted  550,000 share  options;  150,000 to  middle
management,  200,000 to Mr. Jos Van Poorten,  the Managing Director of EMEA, and
200,000 to  Mrs. Margret  Lara Fridriksdottir,  EVP Human  Resources & Corporate
Strategy.

The  exercise  price  is  DKK  22.39, i.e.  the Company's average share price on
NASDAQ  Copenhagen 20 trading days prior to  the grant date. First exercise date
is 22 February 2019.

Mr.  Jos  van  Poorten  holds  1,419 shares  in Össur and 200,000 share options.
Previously   250,000 share  options  had  been  granted  to  Mrs.  Margret  Lara
Fridriksdottir and she holds 14,100 shares in Össur.

The  share options  were granted  in accordance  with the Company's share option
program  implemented on 27 May 2015. Further details on the share option scheme,
including  the  key  terms  and  conditions,  can  be  found  in  the  Company's
announcement No. 24/2015 published on 27 May 2015.

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About Össur

Össur  (NASDAQ: 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  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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