Össur hf. - Managers' transactions

Ossur Hf : Össur - Share options granted

Announcement from Össur hf. No. 15/2017
Reykjavík, 24 February 2017


Today,  Össur  hf.  has  granted  300,000 share  options;  225,000 to Mr. Sveinn
Sölvason, CFO and 75,000 to middle management.

The  exercise  price  is  DKK  24.99, i.e.  the Company's average share price on
NASDAQ  Copenhagen 20 trading days prior to  the grant date. First exercise date
is 24 February 2020.

Previously  225,000 share options had been granted to Mr. Sveinn Sölvason and he
holds 25,000 shares in Össur.

The  share options  were granted  in accordance  with the Company's share option
scheme  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 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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