Össur hf. - Changes in company's own shares

Ossur Hf : Share buyback program completed

Announcement from Össur hf. No. 58/2017
Reykjavík, 14 August 2017

On  1 December 2016, Össur hf.  initiated a share  buy-back program, see Company
announcement no. 96/2016.

The  purpose of  the share  buyback program  was 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
would  end  no  later  than  30 November  2017. The Company could purchase up to
5,000,000 shares  under the program, corresponding  to 1.2% of the current share
capital.  The total consideration for shares  purchased under the program should
not exceed USD 10 million.

The following transactions were made under the program in week 37, the period 7
August 2017 - 11 August 2017:

 Date           No. of shares Avg. purchase price DKK Transaction Value DKK
---------------------------------------------------------------------------
 07 August 2017     3,035      30.19                 91,630

 08 August 2017     6,073      30.07                182,590

 09 August 2017     15,707     30.04                471,826

 10 August 2017     55,000     29.98               1,648,746

 11 August 2017     36,979     29.74               1,099,859
---------------------------------------------------------------------------
 Total          116,794        29.92               3,494,651



Össur  acquired 2,159,883 shares under  the program at  the average price of DKK
29.26. The  total  consideration  amounted  to  USD  10 million (approx. DKK 63
million)   and  thus  the  program  has  been  completed.  Following  the  above
transactions  Össur's holding of own shares is 8,261,358 corresponding to 1.89%
of the Company's total share capital.

The  share buyback  program was  carried out  in accordance  with Regulation No.
596/2014 of  the European Parliament and of the Council on market abuse ("MAR"),
and  the Commission delegated regulation No. 2016/1052.



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 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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Attachments:

Share buy back transactions 07.08 - 11.08. 2017.pdf