Ossur Hf : New Corporate Finance leadership

Announcement from Össur hf. No:11/2013
Reykjavik, 27 March 2013

                        New Corporate Finance leadership

Hjörleifur  Pálsson, CFO, has decided to leave Össur after leading the Corporate
Finance  division for 12 years. Sveinn Sölvason  has been appointed CFO and will
become a member of the Össur Executive Management. These management changes will
become effective as of 30(th) of April.

Sveinn  joined Össur in 2009 as director  of Treasury, Corporate Development and
Investor  Relations. Sveinn  holds a  Master's Degree  in Finance and Accounting
(Cand.Merc.FIR)  from Copenhagen Business School.  Prior to joining Össur Sveinn
worked  in business development at Marel and  has an extensive experience in the
banking  and finance industry with companies including; Kaupthing, Goldman Sachs
and HSH-Nordbank.
Jón Sigurðsson, President & CEO, comments:

"Sveinn brings with him extensive expertise in the field and has been a valuable
member  of the management team in Össur for four years. I'm excited to work with
him  in his expanded role  and having him on  the executive Management. For more
than  12 years Hjörleifur  has been  an instrumental  force in growing Össur and
building  the company  for the  future. Hjörleifur's  leadership has  made great
contributions to the business and helped shape our company culture. On behalf of
all Össur employees I thank him for his years with Össur."

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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.
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.