Conversion Right Triggered on OPKO 3.0% Convertible Senior Notes

OPKO Health, Inc. (NYSE: OPK) today announced that the Company's 3.0%Convertible Senior Notes due 2033 (the "Notes") are convertible by holders ofsuch Notes. The Company has elected to satisfy its conversion obligation underthe Notes in shares of the Company's Common Stock.This conversion right has been triggered because the closing price per shareof the Company's Common Stock has exceeded $9.19, or 130% of the initialconversion price of $7.07, for at least 20 of 30 consecutive trading daysduring the period ending on March 31, 2015. The Notes will continue to beconvertible until June 30, 2015, and may be convertible thereafter, if one ormore of the conversion conditions specified in the Indenture, dated as ofJanuary 30, 2013, by and between the Company and Wells Fargo Bank N.A., issatisfied during future measurement periods. Pursuant to the Indenture, aholder who elects to convert the Notes will receive 141.4827 shares of theCompany's Common Stock plus such number of additional shares as is applicableon the conversion date per $1,000 principal amount of Notes based on the earlyconversion provisions in the Indenture.Wells Fargo Bank, National Association is the trustee for the holders of theNotes and the conversion agent under the Indenture. All questions relating tothe mechanics of the conversion for the Notes should be directed to WellsFargo Bank National Association, Attn: Barry Somrock atCMESCONVERSIONS@wellsfargo.com.This press release is only a summary of certain provisions of the Notes andthe Indenture. A complete explanation of the conversion rights of holders ofthe Notes, as well as the procedures required to convert the Notes, is setforth in the Indenture. All holders are urged to review the conversionprovisions contained in the Indenture in its entirety.