Orthofix Provides Update on Independent Review

Orthofix International N.V.

today provided an update regarding the previously disclosed independent review being conducted by the Audit Committee (the “Audit Committee”) of the Company's Board of Directors (the “Board”), with the assistance of outside professionals, of matters relating to revenue recognition for prior periods. Although the Audit Committee review remains at a preliminary stage, on August 5, 2013, the Audit Committee concluded, after consultation with management and the Company's independent registered public accounting firm, that certain revenues recognized during 2011 and 2012, upon further evaluation, should not have been recognized or should not have been recognized during the periods in which they were recognized. As a