The Housing Financing Fund has decided to auction HFF150914, HFF150224, HFF150434 and HFF150644. In this auction The Housing Financing Fund aims to accept bids up to ISK 8.000.000.000 at nominal value. The Housing Financing Fund reserves the right to increase the amount accepted and accept any bid or reject them all. According to primary dealership agreement between the Housing Financing Fund and Kaupthing, Glitnir Bank, Landsbanki Íslands. Straumur - Burðarás Investment Bank, MP Investment Bank and Saga Capital Investment Bank, these members will only have the right to bid in the auction. Bids are hereby requested by the Housing Financing Fund in accordance with the following: see attached document. Bids shall be submitted to the Finance Division of the Housing Financing Fund, Höfðaborg, Borgartún 21, Reykjavík, Iceland before 16:00 hrs. on Friday April 18th , 2008. All bids will be answered before 09:30 hrs. on Monday April 21st , 2008. Bids shall be submitted to the Housing Financing Fund enclosed in a sealed envelope. Bids may also be submitted by e-mail to fjarstyring@ils.is or by fax to (+354) 569-6890 on the bidding day after prior confirmation by telephone call to the Housing Financing Fund's Finance Division on tel. (+354) 569-6990.