Íbúðalánasjóður - Changes board/management/auditors

The Chairman of the Board of Directors at the Housing Financing Fund resignes.

Mrs. Ingibjörg Ólöf Vilhjálmsdóttir has requested to be excused from the Board
of Directors of the Housing Financing Fund.  Ingibjörg Ólöf has accepted a new
job abroad which she will be taking over shortly. 



Mr. Sigurbjörn Ingimundarson, Vice Chairman of the Board will take over as
Chairman of the Board of Directors for the time being until the Minister has
appointed new boardmembers.