She was laid down in 1962 at Vickers-Armstrongs at Barrow and launched in 1964. She was the third ship to bear this name. Osiris attended the 1977 Silver Jubilee Fleet Review off Spithead when she was part of the Submarine Flotilla. She was decommissioned and sold to the Canadian Forces in 1989 for spare parts, towed to Birkenhead on the River Mersey where Cammell Laird shipyard completed the stripping out. In August 1991, the remains were moved to Garston for final demolition and scrapped in 1992.[citation needed].