Íbúðalánasjóður - Company Announcement

Notice of Additional Housing Bond Calls with payment made on 15 January 201

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 to be paid on 15 January 2015: 

Issue                     Nominal value
Series 3, 91  IBH16-1015        840.000
Series 1, 92  IBH17-0115      6.160.000
Series 2, 92  IBH17-0415      4.880.000
Series 1, 93  IBH18-0415     10.150.000
Series 3, 93  IBH18-1015      4.350.000
Series 1, 94  IBH19-0115     13.570.000
Series 1, 95  IBH20-0115      8.660.000
Series 3, 96  IBH36-0115     15.220.000