FREDDIE MAC TO ISSUE $1 BILLION REFERENCE REMIC^SM R-001 SECURITIES

McLean, VA – Freddie Mac (NYSE: FRE) today announced the company’s intent to issue an additional $1 billion of Reference REMIC^SM R-001 Guaranteed Maturity Class (GMC) securities, with a final maturity date of April 15, 2015. Settlement is scheduled later this month.

The Reference REMIC securities will be offered through a syndicate of dealers led jointly by Lehman Brothers, Morgan Stanley and UBS Investment Bank. Co-managers on the transaction will be Banc of America Securities LLC, Bear Stearns & Co., Inc., Citigroup, Credit Suisse First Boston, Deutsche Bank Securities, Goldman Sachs & Co. and RBS Greenwich Capital. The transaction will also involve a selling group.

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’s press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company’s Information Statement dated September 24, 2004, which is available on the Investor Relations page of the company’s Web site at www.FreddieMac.com/investors.

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 in America.

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