Announcement no. 15/2020

24 February 2020 

On 17 February 2020, Össur hf. initiated a share buy-back program, see Company announcement no. 13/2020.

The purpose of the share buyback program is to reduce the Company's share capital and adjust the capital structure by distributing capital to shareholders in line with the Company's Capital Structure and Dividend Policy. The program will end no later than 31 May 2020. The Company can purchase up to 2,500,000 shares under the program, corresponding to 0.59% of the current share capital. The total consideration for shares purchased under the program shall not exceed USD 5 million.

The following transactions have been made under the program in week 1, the period 18 February 2020 - 21 February 2020:

Transactions
Date   No. of   Avg. purchase   Transaction
shares price in DKK value in DKK
17 February 2020   -   -   -
18 February 2020   19,912   48.96   974,804
19 February 2020   10,085   49.32   497,355
20 February 2020   19,453   49.46   962,153
21 February 2020   15,000   49.40   740,943
Total                         64,450   49.27        3,175,255

Össur has acquired 64,450 shares under the program at the average price of DKK 49.27. Following the above transactions Össur's holding of own shares is 4,154,250, corresponding to 0.98% of the Company's total share capital.

The share buyback program on Nasdaq Copenhagen is carried out in accordance with Regulation No. 596/2014 of the European Parliament and of the Council on market abuse ("MAR"), and the Commission delegated regulation No. 2016/1052.

Further information 

David Hreidarsson, Investor Relations, dhreidarsson@ossur.com (dohreidarsson@ossur.com),+354 515 1380 

Helga Danielsdottir, Investor Relations, hdanielsdottir@ossur.com,+354 766 4959 

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About Össur 

Össur (Nasdaq Copenhagen: OSSR) is a global leader in non-invasive orthopaedics that help people live a life without limitations. A recognized "Technology Pioneer," Össur focuses on improving people's mobility through the delivery of innovative technologies in Prosthetics and Bracing & Supports, by investing significantly in research and product development to create award-winning designs with consistently strong market positions. Successful patient and clinical outcomes are further empowered via Össur's educational programs and business solutions.  As part of Össur's long-standing commitment to social responsibility, the company has been a signatory to the United Nations Global Compact since 2011, and also participates in the Nasdaq Nordic and Baltic exchanges' voluntary guidelines for Environment, Social and Corporate Governance (ESG). Össur is headquartered in Iceland, with major operations in the Americas, Europe and Asia, and additional distributors worldwide. www.ossur.com