Íbúðalánasjóður - Company Announcement

- Results of HFF Bond auction

The Housing Financing Fund announces HFF bond auction, August 8th 2008, has
been finalised. The total amounts of submitted bids where ISK 19,7 billion, in
nominal value. Bids were accepted for following HFF bonds: 

•  HFF150224, nominal amount of ISK 3,5 billion weighted yield without
   commission is 4,68% 
•  HFF150434, nominal amount of ISK 3,1 billion weighted yield without
   commission is 4,27% 
•  HFF150644, nominal amount of ISK 1,4 weighted yield without commission is
   4,15% 

The total weighted yield of the accepted bids, without commission was 4,43%]
and with commission 4,45. Settlement date will be 14th 2008. 
For further information please contact Ívar Ragnarsson Tel +354 569-6990, 
Herdís Einarsdóttir Tel +354 569-6993 or Sigurður K. Sigurðsson Tel +354 569
6996.