Össur Hf: Conversion and trading of Össur shares following new rules on foreign exchange in Iceland

Announcement from Össur hf. no. 24/2017
Reykjavik, 15 March 2017

Reference is made to the Company's Announcement no. 22/2010 regarding certain restrictions on the conversion and transfer of Össur shares between the Icelandic market and the Danish market, as well as the trading of Össur shares by Icelandic investors on the Danish market, due to capital controls in Iceland.

Today Össur received a confirmation from the Central Bank of Iceland that from 14 March 2017, when the Icelandic Rules on Foreign Exchange No. 200/2017 came into effect, there are no longer any restrictions on converting and transferring Össur shares from the Icelandic market to the Danish market and vice versa. Icelandic investors can now trade Össur shares on the Danish market without restrictions, but purchases are subject to notification to the Central Bank of Iceland.

Contact persons:

Jón Sigurðsson, President & CEO                                   Tel: +354 515 1300
Sveinn Sölvason, CFO                                                     Tel: +354 515 1300

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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.