Announcement Össur hf. No. 5/2011 Reykjavik, 11 March 2011 Delisting from NASDAQ OMX Iceland accepted NASDAQ OMX Iceland has today accepted Össur's request from 15 November 2010 to remove the shares from trading on NASDAQ OMX Iceland. The removal will be effective as of close of trading on 25 March 2011. NASDAQ OMX in Iceland has decided, at its own initiative and without consultation with the Company, to create a market for the shares in ISK as of 28 March 2011. No actions are required from shareholders. Össur's trading platform for the shares is NASDAQ OMX Copenhagen. For further information, please contact: Jón Sigurðsson, President & CEO Tel: +354 515 1300 Hjörleifur Pálsson, CFO Tel: +354 515 1300 About Össur Össur (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 therapies. 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. 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. [HUG#1496307]