Ossur Hf : Share options granted

Announcement from Össur hf. No. 3/2015
Reykjavík, 6 February 2015

                         Össur - Share options granted

Today, Össur hf. has granted 800,000 share options; 550,000 to middle management
and  250,000 to  Mrs.  Margret  Lara  Fridriksdottir,  EVP  Human  Resources and
Corporate Strategy, that currently holds 14,100 shares in Össur.

The  exercise  price  is  DKK  19.42, i.e.  the Company's average share price on
NASDAQ  OMX Copenhagen 20 trading  days prior to  the grant date. First exercise
date is 6 February 2018.

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: 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.