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For Immediate Release October
07,
2004
FREDDIE MAC ANNOUNCES 2005 FUNDING CALENDARSCompany also issues Quarterly Funding Announcement & SummaryMcLean, VA – Continuing a commitment to provide investors clarity and transparency in the company's debt funding program, Freddie Mac (NYSE: FRE) today announced its 2005 Reference Notes® securities and Reference Bills® securities funding calendars. The company also issued the Freddie Mac Quarterly Funding Announcement & Summary [PDF 206K ] for the fourth quarter of 2004. Freddie Mac's debt funding calendars [PDF 346K ] provide announcement, pricing and settlement dates for Reference Notes securities and announcement and auction dates for Reference Bills securities. The Quarterly Funding Announcement & Summary details expected funding activity for the fourth quarter of 2004 and actual funding activity for the third quarter of 2004. The company today also announced an important change to its quarterly announcements. Going forward, Freddie Mac will release the Quarterly Funding Announcement for each quarter before the quarter begins. Under this new, expedited schedule, Freddie Mac will issue Quarterly Funding Announcements on December 10, 2004; February 28, 2005; June 10, 2005; and September 9, 2005. "We're excited to provide investors information about our 2005 debt funding program," said Jerome Lienhard, Freddie Mac treasurer and senior vice president, debt and equity financing. "Our 2005 Reference Notes calendar identifies optional issuance dates for each maturity. Additionally, by publishing the Quarterly Funding Announcement earlier, we will provide the market information about specific issuance plans and maturities before each quarter begins. The enhanced timeliness and increased precision of our Quarterly Funding Announcement is a continuation of our commitment to liquidity, transparency and predictability, which are the foundations of the Reference Notes program." "We understand that investors need relevant information promptly," said John Radwanski, Freddie Mac assistant treasurer and vice president, debt financing. "This approach promotes Freddie Mac's transparency while meeting our funding needs." The key features of Freddie Mac's 2005 funding plan are detailed in the Quarterly Funding Announcement & Summary. The 2005 Reference Notes and Reference Bills calendars are available on the company's Web site, www.FreddieMac.com/debt. Freddie Mac's press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the Company's Information Statement dated September 24, 2004, which is available on the Investor Relations page of the Company's Web site. This announcement is neither an offer to sell nor a solicitation of offers to buy any of these securities. Any such offering will be made only by an offering circular and pricing supplement. 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 opened doors for one in six homebuyers in America. ###
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