FREDDIE MAC ANNOUNCES TENDER OFFERS FOR €REFERENCE NOTES® SECURITIES

McLean, VA – Freddie Mac (NYSE: FRE) today announced that it will conduct cash tender offers (each, an "Offer" and, collectively, the "Offers") for the purchase of any and all of a targeted group of its €Reference Notes® securities during the week of December 3, 2007.

Freddie Mac will offer to purchase from investors for cash the targeted securities through Goldman Sachs International, the designated lead dealer manager for the Offers, and Barclays Bank PLC and Deutsche Bank AG, London Branch, the designated dealer managers for the Offers. Freddie Mac is offering to purchase any and all of the €Reference Notes® listed in the table below. Each eligible security will be purchased at a fixed spread over the applicable reference swap rate for such series of securities.

The tender offer period will commence on Monday, December 3, 2007, at 9 a.m. London Time and expire at 5 p.m. London Time, on Friday, December 7, 2007, unless extended. Holders of the targeted securities wishing to submit orders to tender may do so by calling the dealer managers at anytime between 9 a.m. and 5 p.m. London Time during the tender offer period. Securities accepted for purchase will be priced on Monday, December 10, 2007, at approximately 9 a.m. London Time. Results of the tender offer will be available on Freddie Mac’s Debt Securities Web page at www.FreddieMac.com/debt on Monday, December 10, 2007. Securities purchased will settle on Thursday, December 13, 2007 (the "Settlement Date").

The table below sets forth the fixed spread to be used to determine the purchase price for each security tendered pursuant to the applicable Offer. The purchase price will be determined in the manner described in the Offer to Purchase dated December 3, 2007, by reference to the applicable fixed spread (listed below) over the applicable reference swap rate, plus an amount equal to any accrued and unpaid interest to, but excluding, the Settlement Date.

This announcement is neither an offer to sell nor a solicitation of offers to buy any of these securities. Neither Freddie Mac, nor the dealer managers, nor the Information Agents, nor the Paris Agent make any recommendation that any holder of the securities tender or refrain from tendering all or any portion of the principal amount of such holder’s securities. Holders must make their own decisions whether to tender securities, and if so, decide on the principal amount of securities to tender. Freddie Mac’s securities are obligations of Freddie Mac only. The securities, including any interest or return of discount on the securities, are not guaranteed by and are neither debts nor obligations of the United States or any federal agency or instrumentality other than Freddie Mac. The Offers are being made only upon the terms and subject to the conditions set forth in the Offer to Purchase dated December 3, 2007.

Copies of the Offer to Purchase may be obtained on Freddie Mac’s Web site at www.FreddieMac.com/debt or from the Information Agents for the Offers, D.F. King & Co., Inc. at 44 207 920 9700, or in the United States at (212) 269-5550 or (800) 488-8095 (toll free) or Fortis Banque Luxembourg at 352 4242-4599 or, if applicable, from the Paris Agent, Goldman Sachs Paris Inc. et Cie at 33 1 42 12 16 45.

Questions regarding the Offers may be directed to Goldman Sachs International at 44 (20) 7774-2326, or in the United States at (800) 828-3182 (toll-free), Barclays Bank PLC at 44 (0) 20 7773-8990, or in the United States at (866) 307-8991 (toll-free), or Deutsche Bank AG, London Branch at 44 (0) 20 7545-8011, or in the United States at (866) 627-0391 (toll-free).

This announcement does not constitute an invitation to participate in the Offers in or from any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such Offer under applicable securities laws or otherwise.

The distribution of materials relating to the Offers, and the transactions contemplated by the Offers, may be restricted by law in certain jurisdictions where it is legal to do so. The Offers are void in all jurisdictions where it is prohibited. If materials relating to the Offers come into your possession, you are required by Freddie Mac to inform yourself of and to observe all of these restrictions. The materials relating to the Offers do not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law. If a jurisdiction requires that the Offers be made by a licensed broker or dealer and a dealer manager or any affiliate of a dealer manager is a licensed broker or dealer in that jurisdiction, the Offers shall be deemed to be made by the dealer manager or such affiliate on behalf of Freddie Mac in that jurisdiction.

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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