Íbúðalánasjóður - Company Announcement

HFF ratings placed on CreditWatch negative by S&P

Standard & Poor´s credit rating agency announced today,on January 6, 2010, that
it has placed the ratings of the Housing Financing Fund (HFF) on CreditWatch
negative. 

See the attached announcement.

Attachments:

2010_01_06 s&p rating.pdf