Össur hf. - Other information disclosed according to the rules of the Exchange

Ossur Hf : Össur hf. initiates a new share buyback program

Announcement from Össur hf. No. 59/2017
Reykjavík, 14 August 2017

Össur  hf. has decided to  initiate a new share  buyback program (the "Program")
tomorrow,  15 August 2017, which will replace the share buyback program that was
that  completed on 11 August 2017. The Program will be carried out in accordance
with  Regulation No. 596/2014 of  the European Parliament  and of the Council on
market  abuse ("MAR"), and the  Commission's delegated regulation 2016/1052. The
purpose  of the 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 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 63 million). The daily purchase shall not
exceed  25% of the average volume in the  20 trading days before the purchase on
the  regulated market where  the transaction is  carried out. The purchase price
shall  not be higher than the price of the last independent trade or the highest
current  independent bid, whichever is higher, on the regulated market where the
transaction  is carried out. The Program will  be managed by Nordea, which shall
make  its trading decisions  independently and without  influence by the Company
with  regard to the timing  of the purchases. The  Company's purchases under the
Program  shall be disclosed in accordance  with law and regulations. The Program
will  end no later than 31 July 2018, but the Company is entitled to discontinue
the Program at any time.

The  Company also reserves the right to  buy back shares in block trades outside
the Program with the aim to maintain net interest bearing debt at 1.0x - 2.0x to
EBITDA.  Such transactions will only be made  in "open windows", i.e. within six
weeks  from  the  publication  of  the  Company's financial results, and when no
insider   information   is   available.  Such  transactions  will  be  announced
immediately after they have been carried out.

According  to an  authorization granted  by the  Annual General Meeting in March
2015, the  Company  is  allowed  to  purchase  own  shares  of  up to 10% of the
Company's  share capital as  it stands each  time. The authorization states that
the  purchase price shall not  be higher than the  price of the last independent
trade  or  the  highest  current  independent  bid,  whichever is higher, on the
regulated  market where  the transaction  is carried  out. The  authorization is
valid until 12 March 2020.

Contact persons:

Jón Sigurðsson, President & CEO                                            Tel:
+354 515 1300
Sveinn Sölvason, CFO
Tel: +354 515 1300
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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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