Notice of HFF Bond's Issuance


The Housing Financing Fund (HFF) published a reviewed forecast on HFF new
lending, issuance of bonds and payments on December, 28, 2007. The forecast
revealed an estimated issuance of HFF bonds between ISK 11-13 billion in the
first quarter of 2008. The Fund has decided not to auction HFF bonds in the
first quarter of 2008 and part of the forecasted auction will be transferred to
the second quarter of 2008. The Funds´s new lending has been lower than
forecasted in the first quarter of 2008. At the same timethe liquidity position
has been strong. The reviewed forecast will be published at the end of week 14
of 2008.