Íbúðalánasjóður - Company Announcement

Standard & Poor´s: Long-Term ratings on Iceland's HFF Lowered to 'BB-' On Housing System proposals. Outlook remains stable.

Today, on July 22nd, Standard & Poor´s announced it has lowered it's Long-Term
ratings on HFF from BB to BB-. Outlook remains stable. 

For further information, please see the attached file.

Attachments:

HFF press release 22 July 2014.pdf