Announcement - Revised Forecast remains unchanged

With reference to the previous news announcement on November 7th, regarding swap from Treasury bond series RIKH 18 1009 to RIKS 30 0701, the Housing Financing Fund´s (HFF´s).

| Source: ÍL-sjóður ÍL-sjóður

Finance department wants to inform about the intended asset liquidation.  In the next 2 -3 years, the Finance department projects to liquidate HFF’s RIKS 30 0701 in consideration of market conditions.

HFF´s revised forecast for 2011, published at the Nordic Stock Exchange on June 28th, remains unchanged .