Össur hf. - Managers' transactions

Ossur Hf : Share Options Granted

Announcement from Össur hf. No.37/2015
Reykjavik, 14 August 2015

Today,  Össur hf.  has granted  150,000 share options  to middle  management and
managers in strategic positions.

The  exercise  price  is  DKK  23.94, i.e.  the Company's average share price on
NASDAQ  OMX Copenhagen 20 trading  days prior to  the grant date. First exercise
date is 14 August 2018.

The  share options  were granted  in accordance  with the Company's share option
program  approved by  the Annual  General Meeting  on 12(th) March 2015. Further
details on the share option program, including the key terms and conditions, can
be found in the Company's announcement No. 24/2015 published on 27 May 2015.

About Össur

Össur (NASDAQ: OSSR) is a global leader in non-invasive orthopaedics that helps
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, prosthetic limbs and compression therapy. 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.



First exercise date


[HUG#1945785]