FREDDIE MAC ANNOUNCES REFERENCE REMIC^SM SECURITY ISSUE

McLean, VA – Freddie Mac (NYSE: FRE) today announced its intention to issue its next Reference REMIC^SM security. The company expects to offer $2.5 billion of Reference REMIC Series R-003, a Guaranteed Maturity Class (GMC) with a final maturity date of October 15, 2015. Reference REMIC Series R-003 is expected to price on Friday, October 21, 2005 with settlement on Wednesday, October 26, 2005.

Credit Suisse First Boston, Deutsche Bank Securities Inc. and UBS Investment Bank will serve as the lead underwriters for Reference REMIC R-003. Co-managers on the transaction will be Banc of America Securities LLC, Bear, Stearns & Co. Inc., Citigroup, Goldman, Sachs & Co., JP Morgan, Lehman Brothers, Merrill Lynch & Co., Morgan Stanley and RBS Greenwich Capital. The transaction will also involve a selling group.

Information about the REMIC of which the GMC is a part is available on the Mortgage Securities page of the company's Web site at www.FreddieMac.com/mbs/. Copies can be obtained from the underwriters at the following addresses:

Credit Suisse First Boston
Prospectus Department
11 Madison Avenue
New York, New York 10010-3629
(212) 325-2580

Deutsche Bank
Attn: Syndication Operations
60 Wall Street
New York, New York 10005
(212) 474-6936

UBS Securities LLC
Prospectus Department
1000 Harbor Boulevard
Weehawken, New Jersey 07087
(201) 352-6858

This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s information statement and related supplements.

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 June 14, 2005, 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 and nearly four million renters in America.

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