FREDDIE MAC PRICES NEW $3 BILLION TWO-YEAR REFERENCE NOTES® SECURITY

McLean, VA – Freddie Mac (NYSE: FRE) announced today that it priced its new 3.250% $3 billion two-year USD Reference Notes® security due on July 16, 2010. The issue, CUSIP number 3137EABQ1, was priced at 99.793 to yield 3.358%, or 88 basis points more than two-year U.S. Treasury Notes. The issue will settle on Friday, July 18, 2008.

The new two-year Reference Notes security was offered via a syndicate of dealers headed by Barclays Capital, Inc., Goldman Sachs Group and J.P. Morgan Chase. An application was made to list the issue on the Euro MTF market of the Luxembourg Stock Exchange.

Including today's offering, Freddie Mac has issued $36 billion of Reference Notes securities during 2008 and has approximately $257 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 provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac raises capital on Wall Street and throughout the world's capital markets to finance mortgages for families across America. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

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