ANURAG SAKSENA JOINS FREDDIE MAC AS SENIOR VICE PRESIDENT AND CHIEF ENTERPRISE RISK OFFICER

McLean, VA – Anurag Saksena joined Freddie Mac [NYSE: FRE] today as senior vice president and chief enterprise risk officer, reporting directly to Chairman and CEO Richard F. Syron. Saksena has 17 years of experience in establishing and managing risk frameworks in organizations of varying size, complexity and cultures.

"Anurag is a seasoned risk management professional with significant expertise in the financial services arena. His skills will be critical in our efforts to further strengthen risk management at Freddie Mac," said Syron. "He is a great addition to the strong senior management team that we've been building. I look forward to working with him."

In this role, Saksena will be responsible for providing an independent, cross-divisional assessment of Freddie Mac's management of and exposure to operational, credit and market risk and reporting these assessments to senior management and the board of directors.

The establishment of this position is consistent with a global trend among complex financial institutions to centralize responsibility for the institution's risk management oversight in a senior manager who is independent of the firm's strategic business units.

Saksena has 17 years of experience in establishing and managing risk frameworks in organizations of varying size, complexity and cultures. Most recently, he led Enterprise Risk Management at General Motors Acceptance Corporation (GMAC), a global financial services subsidiary of General Motors. During his five years at GMAC, Saksena crafted the foundation and strategy for a comprehensive enterprise risk management framework, established firm-wide minimum risk standards, and led the development of best-practice risk measurement models for market, credit and operational risks. He also designed and conducted a firm-wide risk management education and awareness program.

In addition, Saksena founded Enterprise Risk Advisors, LLC in Minneapolis, a risk management consultancy that focused on the development and implementation of enterprise-risk solutions for financial and non-financial organizations. He has also held risk and portfolio management positions of increasing responsibilities at Société Générale in New York, Royal Bank Financial Group in Toronto and Great-West Life Assurance Company in Winnipeg.

Saksena is a graduate of the executive development program at Wharton Business School, University of Pennsylvania. He earned his doctorate in theoretical physics from the University of Manitoba, Canada and his Master of Science and Bachelor of Science degrees from the University of Delhi, India.

Freddie Mac is a stockholder-owned company established by Congress in 1970 to support homeownership and rental housing. Freddie Mac fulfills its mission by purchasing residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers and nearly four million renters in America.

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