Össur hf. - Changes in company's own shares

Ossur Hf : Transactions in relation to share buyback program

Announcement from Össur hf. No. 32/2016
Reykjavík, 21 March 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 11
March 2016 - 18 March 2016:



 Date           No. of shares Avg. purchase price DKK Transaction Value DKK
---------------------------------------------------------------------------
 11 March 2016      4,413               23.95          105,685

 14 March 2016     12,400               23.89          296,225

 15 March 2016      3,520               23.86          83,974

 16 March 2016     11,500               23.76          273,215

 17 March 2016      5,550               23.71          131,585

 18 March 2016      4,263               23.72          101,138
---------------------------------------------------------------------------
 Total              41,646             23.82            991,822
---------------------------------------------------------------------------




Össur has acquired 636,242 shares under the program at the average price of DKK
22.78. Following the above transactions Össur's holding of own shares is
908,554* corresponding to 0.20% 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").

*Össur's  Annual General  Meeting held  on 10 March  2016 approved to reduce the
share  capital by ISK 3,292,688 nominal value  by way of cancelling 3,292,688 of
the  Company's own  shares of  ISK 1 each.  This number  of own  shares has been
deducted,  but the shares will formally  be cancelled when the capital reduction
has been registered, see Company announcement 29/2016.

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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