FREDDIE MAC ANNOUNCES REFERENCE REMIC® SECURITY ISSUE

McLean, VA – Freddie Mac (NYSE: FRE) today announced its intention to issue its next Reference REMIC® security. The company expects to offer $1.24 billion of Reference REMIC Series R011, a Guaranteed Maturity Class (GMC) with a final maturity date of December 15, 2020. It is expected to price on April 19, 2007, and settle on April 24, 2007.

Credit Suisse, Deutsche Bank Securities, Inc. and Merrill Lynch & Co. will serve as the lead underwriters for Reference REMIC R011. Co-managers of the transaction will be Citigroup Global Markets, Inc., 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 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 "R011" in the REMIC Prospectus Lookup box. Copies of the Offering Circular Supplement can also be obtained from the underwriters at the following addresses:

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

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

Merrill Lynch, Pierce, Fenner & Smith Incorporated
Prospectus Department
44B Colonial Drive
Piscataway, New Jersey 08854
(732) 885-2760

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 March 23, 2007, and related Information Statement Supplements, which are 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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