Össur hf. - Changes in company's own shares

Ossur Hf : Transactions in relation to share buyback program

Announcement from Össur hf. No. 02/2016
Reykjavík, 11 January 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 4
January 2016 - 8 January 2016:

 Date            No. of shares Avg. purchase price DKK Transaction Value DKK
-----------------------------------------------------------------------------
 4 January 2016    13,332                23.08           307,760

 5 January 2016     17,362               22.90           397,649

 6 January 2016     14,950               23.03           344,318

 7 January 2016      7,500               22.61           169,550

 8 January 2016     13,790               22.56           311,155
------------------------------------------------------------------------------
 Total               66,934              22.86                 1,530,432
-----------------------------------------------------------------------------




Össur has acquired 220,675 shares under the program at the average price of DKK
23.26. Following the above transactions Össur's holding of own shares is
2,685,675 corresponding to 0.6% of the Company's total share capital.

The share buyback program on NASDAQ Copenhagen is carried out in compliance with
the provisions of the European Commission's Regulation No. 2273/2003 ("the Safe
Harbor 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 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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