Ossur Hf

Transactions in relation to share buyback program

Announcement from Össur hf. No. 08/2016
Reykjavík, 8 February 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 1 February 2016 - 5 February 2016:

Date			No. of shares	Avg. purchase price DKK			Transaction Value DKK
1 February 2016		20,000			23.29				465,858
2 February 2016		11,442			23.26				266,133
3 February 2016		17,926			22.26				398,995
4 February 2016		18,500			22.17				410,065
5 February 2016		12,495			21.92				273,949
Total			80,363		22.58			1,815,000

Össur has acquired 467,651 shares under the program at the average price of DKK 22.79. Following the above transactions Össur's holding of own shares is 2,932,651 corresponding to 0.7% 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: [phone]

Sveinn Sölvason, CFO                                                       Tel: [phone]

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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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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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