Össur hf. signs letter of intent to acquire Century XXII Innovations


                        
Reykjavik, Iceland and Jackson, Michigan, US – October 30, 2000:  ÖSSUR (Iceland Stock Exchange: OSSR) today announced that it has entered into a letter of intent to acquire Century XXII Innovations, Inc., in a stock for stock transaction.  The closing is scheduled for December 1, 2000, subject to shareholder approvals and customary closing conditions.  Financial terms were not disclosed but will be provided in connection with a special shareholder meeting to be held in November.

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