Íbúðalánasjóður - Company Announcement

Changes in Primary Dealership Agreements

On October 5th, the Housing Financing Fund (HFF) and its Market Makers for HFF
bonds agreed to make temporary changes in the Primary Dealership Agreements
where the maximum bid/offer spread was increased. This will no longer apply
after November 4th . 

Today, on November 3rd , the Board of HFF agreed to authorize changes in the
Primary Dealership Agreements that will apply throughout the term of the
agreements.  The maximum bid/offer spread will be as presented in the table
below: 

Series 	 Maximum Spread
HFF150224	  0.50%
HFF150434  0.65%
HFF150644	  0.80%

HFF plans to sign an agreement regarding these changes with its Market Makers
for HFF bonds by the end of the working day on November 4th. The changes will
take effect on November 5th unless HFF notices otherwise.