The government of Iceland today released a statement in relation to special actions being taken related to housing issues. The actions are intended to meet the decreasing activities on the housing market, partly caused by liquidity problems on the loan markets. These actions - i.e. lending to banks, savings banks and other financial institutions for housing loans, raising the maximum loan amount for the Housing Financing Fund (HFF), eliminating fire insurance valuation as a reference point for the Fund's loan amounts and increasing concessions for general loans for rental housing - will contribute to the increase of scheduled issuance of HFF bonds. A new schedule for lending, bond issuance and repayments by HFF in the year 2008 will be published at OMX Nordic Exchange Iceland in July 2008. The government's statement can be accessed in the attached document.