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2016-02-11

Ossur Hf : Share buy-back of 1,400,000 own shares for approx. USD 4.7 million

Announcement from Össur hf. No. 09/2016

Reykjavík, 11 February 2016

Reference is made to Össur hf.'s announcement No. 46/2015 published on 28
October 2015.

Today the Company purchased 1,400,000 own shares (approx. 0.3% of the
Company's total share capital) on NASDAQ Iceland at the price of ISK 420 per
share. The total purchase amount was ISK 588,000,000 million (approx. DKK 31
million or approx. USD 4.7 million).

The purpose of the share buy-back is to adjust the capital structure by
distributing capital to shareholders in line with the Company's Capital
Structure and Dividend Policy. The shares acquired today will be included in
the Board of Directors' proposal to decrease the share capital that will be
submitted to the Annual General Meeting. The proposal will be to decrease the
Company's share capital by cancelling 3,292,688 of the Company's own shares
(approx. 0.7% of the Company's total share capital).

Contact persons:

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

Sveinn Sölvason, CFO Tel:
+354 515 1300

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.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ossur Hf via Globenewswire

HUG#1985465

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