Össur hf. - Managers' transactions

Ossur Hf : Transactions in relation to share buyback program

Announcement from Össur hf. No. 49/2015
Reykjavík, 11 December 2015


               Transactions in relation to share buyback program



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 3
December 2015 - 11 December 2015:



 Date                  No. of shares    Avg. purchase     Transaction    Value
                                            price DKK             DKK
-------------------------------------------------------------------------------
 3 December 2015           6,000            22.58               135,500

 4 December 2015           4,000            22.98                 91,900

 7 December 2015           5,000            23.46               117,300

 8 December 2015           7,000            23,41               163,900

 9 December 2015          11,000            23.58               259,400

 10 December 2015          5,751            23.45               134,863

 11 December 2015         13,000            23.16               301,100
-------------------------------------------------------------------------------
 Total weeks 49 and       51,751            23.26              1,203,962
 50



Following the above transactions Össur's holding of own shares is 2,516,751
corresponding to approx. 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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