Össur - Market making agreement with Saga Investment Bank terminated

                                              Announcement Össur hf. No. 23/2010
                                                     Reykjavik, 16 November 2010
Following Össur's delisting request from NASDAQ OMX Iceland, Össur hf. and Saga
Investment Bank hf. have agreed to terminate existing market making agreement.
The termination will take effect immediately.

Össur contacts:
Hjorleifur Palsson, CFO, tel. +354 664 1020
Sigurborg Arnarsdottir, IR Manager, tel. +354 664-1044

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About Össur
Össur (OMX: OSSR DKK/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, prosthetic limbs and compression
therapies. 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.

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.