1. Copyright Ossur29 April 2005 Össur hf. Financials Q1 2005

2. Copyright Ossur29 April 2005 Slow top line growth: GII sales draining top line Prosthetic growth 5% LCY Purchasing power of USD in Iceland down: 12% from Q1 2004 8% from Q4 2004 Euro / USD: Up 5% from Q1 2004 Stable between Q4 2004 and Q1 2005 Financial highlights Q1 2005

3. Copyright Ossur29 April 2005 Financial highlights Q1 USD Net sales31,15030,668+2% Gross profit18,64918,535+1% Operational profit4,4014,546-3% Net profit3,1733,263-3% EBITDA5,5335,739-4% EPS Q1 (US Cents)1.011.03-2% Cash generated by operations2,3773,071-23% Q1 2005Q1 2004% Change

4. Copyright Ossur29 April 2005 Sales by markets Q1 North America16,20116,592-2%-3% Europe8,3398,214+2%-3% Nordic (incl. Domestic)4,7424,101+16%+15% Other International markets1,8681,761+6% Total31,15030,668+2%+0% Continuing operations31,15030,057+4%+2% Q1 2005Q1 2004% Change USD % Change LCY

5. Copyright Ossur29 April 2005 Key ratios Q1 2003-2005

6. Copyright Ossur29 April 2005 Key ratios Q1 2003-2005

7. Copyright Ossur29 April 2005 EBITDA ratio

8. Copyright Ossur29 April 2005 Net Sales by quarters 2002-2005

9. Copyright Ossur29 April 2005 Sales by markets Q1 2004Q1 2005

10. Copyright Ossur29 April 2005 Balance sheet USD Fixed assets66,95467,944-1% Current assets39,05340,971-5% Total Assets106,007108,915-3% 31.03 200531.12 2004% Change Stockholders’ equity57,38254,720+5% Long-term liabilities33,56535,622-6% Current liabilities15,06018,573-19% Total equity and liabilities106,007108,915-3%

11. Copyright Ossur29 April 2005 Capital Investments Q1 By locations 1.4 m USD / % By category 1.4 m USD / %

12. Copyright Ossur29 April 2005 Shareholders 22. April 2005 NameNominal value% 1Industrivärden ABInvestment Fund71.118.00022,33 2William Demant Invest A/SInvestment Fund64.382.10120,22 3Eyrir fjárfestingafélag ehfInvestment Fund33.539.16710,53 4Mallard Holding S.A.Founder29.531.8469,27 5Lífeyrissjóður verslunarmannaPension Fund11.013.3053,46 6Arion safnreikningurCustody Bank10.649.0073,35 7Lífeyrissjóðurinn FramsýnPension Fund6.052.9291,90 8Vik Investment Holding S.a.r.L.President & CEO5.872.4231,84 9Sameinaði lífeyrissjóðurinnPension Fund5.772.9181,81 10Burðarás hfInvestment Fund5.519.5701,73 11Straumur Fjárfestingarbanki hfInvestment Bank5.081.4431,60 12Össur hf4.266.5511,34 13Fidelity Funds-Nordic FundInvestment Fund3.727.4441,17 14Lífeyrissjóðir Bankastræti 7Pension Fund3.289.5551,03 15Lífeyrissjóðurinn LífiðnPension Fund2.972.2950,93 Top 15 Shareholders262.788.55482,51 Others55.652.44617,49 Total318.441.000100,00

13. Copyright Ossur29 April 2005