Össur hf. - Company Announcement

Össur hf. explores the potential for share buy-back block trades

Announcement from Össur hf. No.46/2015
Reykjavík, 28 October 2015


                   Össur hf. explores the potential for share

                             buy-back block trades



Össur hf. has decided to actively explore the potential for share buy-back block
trades on NASDAQ Copenhagen and NASDAQ Iceland.

Carnegie  Investment Bank  has been  selected as  manager of the potential block
trade  on NASDAQ  Copenhagen, and  Virding Capital  Markets has been selected as
manager of the potential block trade on NASDAQ Iceland.

The Company will also consider commencing a subsequent "Safe Harbour" share buy-
back program.

The  purpose  of  the  share  buy-backs  is  to  adjust the capital structure by
distributing  capital  to  shareholders  in  line  with  the  Company's  Capital
Structure  and Dividend Policy. A proposal to decrease the share capital will be
submitted  to  the  Annual  General  Meeting  in  2016 if  any  transactions are
executed.

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.



Contact persons:

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

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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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