Tilkynning frá OMX | 17.7.

Ossur Hf : Transactions in relation to share buyback program

Announcement from Össur hf. No. 50/2017
Reykjavík, 17 July 2017

On 1 December 2016, Össur hf. initiated a new share buy-back program, see
Company announcement no. 96/2016.

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 30 November 2017. The Company may purchase up to
5,000,000 shares under the program, corresponding to 1.2% 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 week 33, the
period 10 July 2017 - 14 July 2017:

Date No. of shares Avg. purchase price DKK Transaction Value DKK
10 July 2017 3,268 31.85 104,086

11 July 2017 8,750 31.58 276,368

12 July 2017 - - -

13 July 2017 10,164 31.51 320,241

14 July 2017 5,430 31.18 169,284
Total   27,612 31.51 869,978

Össur has acquired 1,777,279 shares under the program at the average price of
DKK 28.99 Following the above transactions Össur's holding of own shares is
7,878,754 corresponding to 1.80% of the Company's total share capital.

The share buyback program on Nasdaq Copenhagen is carried out in accordance with
Regulation No. 596/2014 of the European Parliament and of the Council on market
abuse ("MAR"), and the Commission delegated regulation No. 2016/1052.

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: http://www.ossur.com/investormailings

 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.

Share buy back transactions 10.07 - 14.07. 2017: 

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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