Íbúðalánasjóður - Company Announcement

The Housing Financing Fund sells 139 apartments

The Housing Financing Fund and Heimavellir slhf. have reached an agreement for
the latter to purchase 139 apartments  from the Housing Financing Fund and was
the agreement signed this evening. Total selling price is 1.829 million ISK. 

On December 14th the Housing Financing Fund offered in an open and transparent
manner 15 groups of apartments for sale. These apartments were situated in
different parts of Iceland. In this instance 4 of these groups are sold. The
total number of apartments in these 15 groups were 504 so in this sale about
27,4% of the apartments offered for sale are sold.  Agreements for the sales of
further groups of apartments which the Housing Financing Fund has a binding
offer for, will be signed in the next weeks in accordance with the conditions
of the sales. 

The sale of these apartments will have a lasting favourable effect on the
running of the Housing Financing Fund. 

For further information please contact Hermann Jónasson ceo of the Housing
Financing Fund.