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Ossur Hf : Transactions in relation to share buyback program

Announcement from Össur
hf. No. 38/2016

Reykjavík, 11 April 2016

On 3 December 2015, Össur hf. initiated a share buy-back program, see Company
announcement no. 48/2015.

The purpose of the share buyback 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 program will end no later than 1 December 2016. 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 70 million).

The following transactions have been made under the program in the period 4
April 2016 - 8 April 2016:

| Date No. of shares Avg. purchase price DKK Transaction Value DKK |
| 4 April 2016 612 24.79 15,172 |
| 5 April 2016 2,925 24.87 72,746 |
| 6 April 2016 6,317 25.68 162,202 |
| 7 April 2016 18,000 26.03 468,590 |
| 8 April 2016 4,000 26.08 104,300 |
| Total 31,854 25.84 823,010 |
Össur has acquired 704,141 shares under the program at the average price of
DKK 22.98. Following the above transactions Össur's holding of own shares is
976,453 corresponding to 0.22% of the Company's total share capital.

The share buyback program on NASDAQ Copenhagen is carried out in compliance
with the provisions of the European Commission's Regulation No. 2273/2003
("the Safe Harbor Regulation").

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:

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
educational programs and business solutions. Headquartered in Iceland, Össur
has major operations in the Americas, Europe and Asia, with additional
distributors worldwide.

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.


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


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