FREDDIE MAC TO ISSUE NEW $3 BILLION THREE-YEAR AND $3 BILLION 10-YEAR REFERENCE NOTES® SECURITIES IN JULY

McLean, VA – Freddie Mac (NYSE: FRE) announced today that it plans to issue two new Reference Notes® securities in July. The company will issue a new $3 billion three-year USD Reference Notes security, CUSIP number 3137EAAX7, due on August 23, 2010. The company will also issue a new $3 billion 10-year USD Reference Notes security, CUSIP number 3137EAAY5, due on August 23, 2017. Both issues will be priced on July 20, 2007, and will settle on July 23, 2007.

The new three-year Reference Notes security will be offered via a syndicate of dealers headed by Goldman Sachs Group, Morgan Stanley and UBS Investment Bank. The new 10-year Reference Notes security will be offered via a syndicate of dealers headed by Citigroup Global Markets, Inc., J.P. Morgan Chase and Lehman Brothers. An application will be made to list the issues on the Euro MTF market of the Luxembourg Stock Exchange.

Including today’s offerings, Freddie Mac has issued $35 billion of Reference Notes securities during 2007 and has approximately $244 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 corporation established by Congress in 1970 to support homeownership and rental housing. Freddie Mac purchases single-family and multifamily 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 more than 50 million times, ensuring financing for one in six homebuyers and more than four million renters.

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