Announcement of Ossur hf.'s share capital increase

- Private placement completed
 
Ossur hf.'s (Ossur) private placement of new shares has been successfully completed. The private placement was oversubscribed and the new shares were allocated to Denmark's largest pension fund, ATP, and selected Icelandic institutional investors.
 
38,059,553 new shares were sold at ISK 103 per share which is the highest price in the range published at the commencement of the placement. The gross proceeds from the private placement amount to ISK 3,920,133,959.
 
Ossur's board of directors has consequently resolved to increase the Company's share capital by 38,059,553 shares.
 
The new shares represent 9.89% of Ossur's total issued share capital. After the private placement the total share capital of Ossur will consist of 423,000,000 shares. The new shares will be paid for no later than on 7 November.
 
The new shares are expected to be admitted to trading on OMX Nordic Exchange hf. no later than on Monday 12 November 2007.  
 
The private placement was managed by Kaupthing Bank hf.
 
About ATP:
 
ATP's Investment Department manages the pension savings held in ATP Lifelong Pension and ATP Fixed-term Annuity. Combined, the two schemes boast total assets in excess of DKK 300 billion, ensuring ATP a place among Europe's largest pension investors.
 
 
Further information:
 
Jon Sigurdsson, President & CEO, Ossur, tel. +354-515-1300
Thorolfur Jonsson, Managing Director, Investment Banking, Kaupthing, tel. +354-444-6000
Frosti Reyr Runarsson, Head of Equity Sales, Capital Markets, Kaupthing, tel. +354-444-6000