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Hanger Orthopedic Group, Inc. Announces Underwritten Public Offering by Shareholder

Tuesday, September 23, 2008 General News
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BETHESDA, Md., Sept. 22 Hanger Orthopedic Group,Inc. (NYSE: HGR) announced today the public offering of 2,500,000 shares ofits common stock by Ares Corporate Opportunities Fund, L.P. The shares beingoffered are a portion of the currently outstanding shares issued to Ares inAugust 2008 in connection with the conversion of all of Hanger's Series AConvertible Preferred Stock into common stock. Upon completion of the publicoffering of these shares, the overall number of outstanding shares of HangerOrthopedic Group, Inc. will be unchanged. Hanger Orthopedic Group, Inc. willnot receive any proceeds from this transaction. Citi is the sole book runnerfor the underwritten offering. The offering is being made only by means of awritten prospectus forming part of the effective registration statement.Copies of the final prospectus related to this offering may be obtained fromCiti, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220(tel: 718-765-6732; fax: 718-765-6734).
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The shares are being sold pursuant to an effective registration statementthat was previously filed with the Securities and Exchange Commission. Thisannouncement does not constitute an offer to sell or the solicitation of anoffer to buy these securities, nor shall there be any sale of these securitiesin any jurisdiction in which the offer, solicitation or sale would be unlawfulprior to registration or qualification under the securities laws of thatjurisdiction.
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Hanger Orthopedic Group, Inc., headquartered in Bethesda, Maryland, is theworld's premier provider of orthotic and prosthetic patient care services.Hanger is the market leader in the United States, owning and operating 661patient care centers in 45 states and the District of Columbia, with over3,500 employees including 1,060 practitioners (as of June 30, 2007). Hangeris organized into four units. The two key operating units are patient care,which consists of nationwide orthotic and prosthetic practice centers, anddistribution which consists of distribution centers managing the supply chainof orthotic and prosthetic componentry to Hanger and third party patient carecenters. The third is Linkia, which is the first and only provider networkmanagement company for the orthotics and prosthetics industry. The fourthunit, Innovative Neurotronics, introduces emerging neuromuscular technologiesdeveloped through independent research in a collaborative effort with industrysuppliers worldwide. For more information on Innovative Neurotronics, Inc. orthe WalkAide(R), visit http://www.ininc.us. For more information on Hanger,visit http://www.hanger.com.

This document may contain forward-looking statements relating to theCompany's revenues, contracts and operations. The United States PrivateSecurities Litigation Reform Act of 1995 provides a "safe harbor" for certainforward-looking statements. Statements relating to future revenues, contractsand operations in this document reflect the current views of management.However, various risks, uncertainties and contingencies could cause actualresults or performance to differ materially from those expressed in, orimplied by, these statements, including the Company's ability to enter intoand derive benefits from managed care contracts, the demand for the Company'sorthotic and prosthetic services and products and the other factors identifiedin the Company's periodic reports on Form 10-K and Form 10-Q filed with theSecurities and Exchange Commission under the Securities Exchange Act of 1934.The Company disclaims any intent or obligation to update publicly theseforward-looking statements, whether as a result of new information, futureevents or otherwise.

SOURCE Hanger Orthopedic Group, Inc.
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