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 $500 million of Reference REMIC Series R016, a Guaranteed Maturity Class (GMC) with a final maturity date of June 15, 2018. Reference REMIC Series R016 is expected to price on Thursday, June 19, 2008, and settle on Tuesday, June 24, 2008.

J.P. Morgan Chase, Citigroup Global Markets, Inc. and Merrill Lynch will serve as the lead underwriters for Reference REMIC R016. Co-managers of the transaction will be Barclays Capital, Inc., Credit Suisse and Deutsche Bank Securities, Inc. 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 "R016" in the REMIC Prospectus Lookup box. Copies of the Offering Circular Supplement can also be obtained from the underwriters at the following addresses:

Citigroup Global Markets, Inc.
Prospectus Department
Brooklyn Army Terminal
140 58th Street, Suite 8G
Brooklyn, New York 11220
(718) 765-6732

J. P. Morgan Securities Inc.
c/o Broadridge Financial Solutions
Prospectus Department
1155 Long Island Avenue
Edgewood, New York 11717
(631) 274-2635

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 February 28, 2008, 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 corporation established by Congress in 1970 to support homeownership and rental housing. Freddie Mac purchases single-family and multifamily 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 more than 50 million times, ensuring financing for one in six homebuyers and more than four million renters.

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