Íbúðalánasjóður - Company Announcement

The Housing Financing Fund - Results of HFF Bond Auction

The Housing Financing Fund (HFF) announces the results of an HFF bond auction
on September,8th 2008. Valid bids submitted amounted to ISK 23,3 billion at
nominal value.  The following bids were accepted: 

•	HFF150224, nominal amount of ISK 1,2 billion weighted yield without
         commission is 4,78% 
•	HFF150434, nominal amount of ISK 2,7 billion weighted yield without
         commission is 4,40% 
•	HFF150644, nominal amount of ISK 1,4 billion weighted yield without
         commission is 4,21% 

The total weighted yield of the accepted bids, without commission was 4,44% and
with commission 4,46%. Settlement date will be September 12th 2008. 
For further information please contact Ívar Ragnarsson Tel +354 569-6990 or 
Herdís Einarsdóttir Tel +354 569-6993.