Thanks to an honorable corporate citizen

Thanks to an honorable corporate citizen

Scott Hornbeak

8/10/2001

I would like to take this opportunity to publicly thank Maynard Carkuff for
his support of the California State University Prosthetics and Orthotics
Program during his tenure with Flex Foot. All of the O&P schools and many
other charitable organizations owe a debt of gratitude to Maynard's
corporate citizenry. I will look forward to working with you in any new O&P
endeavor you pursue. Thank you, Scott Hornbeak, CPO, FAAOP

Organizational Change at Össur hf. 7.8.2001 08:49:38
News Type: Corporate news, Source: Verðbréfaþing

With regards to the experience gained from the merger of Össur hf.,
FlexFoot, and Century XXII Innovations, a decision has been made to
implement organizational changes at Össur. These changes are implemented to
shorten communications lines and make the decision making process within the
Company more effective. It is also intended to further enhance the Sales and
Marketing organization of the Company with the new sales structure in the US
and Europe.
In implementing these changes, Maynard Carkhuff's position of President of
the Prosthetic Unit has been eliminated. Effective immediately we will
transfer responsibility of the sales and marketing, manufacturing and
product management functions to Jon Sigurdsson, President &CEO of Össur hf.
Mark Emery, Vice President and CFO of Ossur USA, will continue as head of
Finance and Administration. These functions will report through the CFO of
Össur hf.
Due to an employment agreement that was made in connection with the purchase
of Flex-Foot, Inc, the Company will take a charge to the earnings in the
third quarter of 93 million ISK.