FREDDIE MAC PROVIDES QUARTERLY FUNDING ANNOUNCEMENT

McLean, VA – Freddie Mac (NYSE: FRE) today provided its Quarterly Funding Announcement [PDF 160K], detailing expected funding activity for the first quarter of 2005.

"In October, we announced that for 2005 we would begin issuing our Quarterly Funding Announcement on an expedited timetable, providing more advance notice to the market about our upcoming debt-funding plans," said Jerome Lienhard, Freddie Mac treasurer and senior vice president for funding and investor relations. "Today we are delivering that accelerated timetable by publishing specific information regarding our planned funding activity for the first quarter of 2005, further refining our debt funding program's hallmarks of transparency and predictability. We understand that the capital markets and investors need comprehensive and timely information, and we are committed to disciplined management of our debt funding program in accordance with our issuance calendar."

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.

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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