Íbúðalánasjóður - Company Announcement

The Housing Financing Fund decides to initiate preparations for the sale of Klettur Property Management ehf.

The Board of Directors of the Housing Financing Fund decided at a meeting
today, Thursday Nov. 5th 2015, that Klettur Property Management would be sold
following a sales procedure that would focus on maximising the value of the
property in accordance with the criteria underlying its establishment.The sale
will be advertised in greater detail when its terms and final sales procedure
have been defined.