Ossur Hf : Share options granted

                                          Announcement from Össur hf. No.17/2012
                                                          Reykjavik, 3 May 2012
                         Össur - Share options granted

Today,  Össur hf. has granted 2,050,000 share  options to middle management. The
exercise price now is DKK 8.71, i.e. the Company's average share price on NASDAQ
OMX  Copenhagen 20 trading days prior to the  grant date. The share options were
granted  in accordance with the Company's share option scheme implemented on 24
April  2012. Further details on the share option scheme, including the key terms
and conditions, can be found in the Company's announcement No. 16/2012 published
on 24 April 2012.

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About Össur
Össur (NASDAQ OMX: 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 therapy,
including the Flex-Foot Cheetah carbon fiber running prostheses used by "The
Blade Runner," renowned double-amputee sprinter Oscar Pistorius. 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.