FREDDIE MAC PRICES NEW $4 BILLION THREE-YEAR REFERENCE NOTES® SECURITY

McLean, VA – Freddie Mac (NYSE: FRE) announced today that it priced its new 4.625% $4 billion three-year USD Reference Notes® security due on December 19, 2008. The issue, CUSIP number 3134A4VH4, was priced at 99.686 to yield 4.737%, or 30.0 basis points more than three-year U.S. Treasury Notes. The issue will settle on November 18, 2005.

The new three-year Reference Notes security was offered via a syndicate of dealers headed by Bear, Stearns & Co. Inc., J.P. Morgan Chase and Merrill Lynch.

Including today’s new offering, Freddie Mac has issued $44.1 billion of Reference Notes securities during 2005 and has approximately $213.9 billion in Reference Notes and Reference Bonds® securities outstanding.

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 made home possible for one in six homebuyers and nearly four million renters in America.

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