FREDDIE MAC PRICES $1.75 BILLION REFERENCE REMIC^SM R008

McLean, VA – Freddie Mac (NYSE:FRE) today announced that it priced $1.75 billion of Reference REMIC^SM R008, Class FK, CUSIP 31396U3A6, a Guaranteed Maturity Class (GMC) with an initial class coupon of 5.74% and a final maturity date of July 15, 2023. The offered class is a Sequential Pay Floating Rate Class with a class coupon of LIBOR plus 40 basis points with a maximum rate of 7.0%. The GMC was priced at par. Settlement is scheduled for Monday, July 24, 2006. Freddie Mac guarantees the timely payment of principal and interest on its Reference REMIC securities.

Deutsche Bank Securities, Inc., Goldman Sachs Group and Lehman Brothers were lead underwriters for Reference REMIC R008. Co-managers of the transaction were Banc of America Securities, Bear, Stearns & Co. Inc., Credit Suisse, J.P. Morgan Chase and Morgan Stanley. The transaction also involved a selling group.

Information about the REMIC, of which the GMC is a part, is available in the Offering Circular Supplement on the Mortgage Securities page of the company's Web site at www.FreddieMac.com/mbs. The Offering Circular Supplement can be obtained by entering "R008" in the REMIC Prospectus Lookup box.

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 28, 2006, 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 more than four million renters in America.

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