Íbúðalánasjóður - Company Announcement

Notice of Additional Housing Bond Calls

Notice of Additional Housing Bond Calls
for payment on December 15th 2008

The Housing Financing Fund (HFF), pursuant to the Housing Act No. 44/1998, as
subsequently amended, is authorised to make additional calls of Housing Bonds.
This authorisation corresponds to the authorisation of real estate mortgagors
to make additional payments on their mortgages or to repay the debt in full
prior to maturity. Provisions to this effect have existed in housing affairs
legislation ever since the adoption of Act No. 75/1989, which established the
Housing Bond system. 

By virtue of the above, HFF has selected the Housing Bonds to be called. The
selection was made in such a manner that calls in each Housing Bond class
directly reflect the paybacks of Housing Bond mortgages in this same class.
This maintains a complete correspondence between paybacks and calls, as
provided for by law. Additional calls are expected to be made on an ongoing
basis to equalise HFF's cash flow as a result of paybacks, in accordance with
the above-mentioned statutory provisions. 

Housing Bonds from the following bond certificate classes were selected for
these additional calls for payment on December 15th 2008: 



Bond Class			Nominal Value

Series 4, 1992 (IBH17-1215)	         53.060.000
Series 4, 1994 (IBH19-0915)	         53.180.000
Series 2, 1995 (IBH20-0615)         128.780.000