FREDDIE MAC ANNOUNCES $1 BILLION REOPENING OF THREE-YEAR REFERENCE NOTES® SECURITY

McLean, VA – Freddie Mac (NYSE: FRE) announced today that it plans to launch a $1 billion reopening of its 5.125% three-year USD Reference Notes® security that matures on August 23, 2010. The issue will be priced on August 10, 2007, and will settle on August 13, 2007.

The $1 billion reopening of its 5.125% three-year Reference Notes security will be conducted via an Internet-based auction. The issue, CUSIP 3137EAAX7, is listed on the Euro MTF market of the Luxembourg Stock Exchange. After the reopening, the outstanding size of the 5.125% three-year Reference Notes security will be $4 billion.

Investors who want to participate in Reference Notes auctions must first designate the dealer through which they wish to submit bids. The step, if not previously performed, must be performed on the Internet no later than 5 p.m. Eastern Time on August 8, 2007 for this auction. All auction details and instructions can be found on Freddie Mac's Debt Securities Web page, www.FreddieMac.com/debt/auctionrepurch/auctions.html.

Including today’s offering, Freddie Mac has issued $36 billion of Reference Notes securities during 2007 and has approximately $245 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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