Íbúðalánasjóður - Company Announcement

The Housing Financing Fund - Results of HFF Bond Auction

The Housing Financing Fund (HFF) announces the results of an HFF bond auction
on January,16th 2009. Valid bids submitted amounted to ISK 6,9 billion at
nominal value.  The following bids were accepted: 

•  HFF150224, nominal amount of ISK 0,9 billion weighted yield without
   commission is 4,61%
•  HFF150434, nominal amount of ISK 1,050 billion weighted yield without
   commission is 4,46%
•  HFF150644, nominal amount of ISK 1,050 billion weighted yield without
   commission is 4,30%

The total weighted yield of the accepted bids, without commission was 4,45% and
with commission 4,47%. Settlement date will be January 22nd 2009. 
For further information please contact Ívar Ragnarsson Tel +354 569-6990, 
Herdís Einarsdóttir Tel +354 569-6993, Ingi K. Pálsson Tel +354 569-6995 and
Soffía Guðmundsdóttir . Tel +354 569-6996.