FREDDIE MAC PRICES $1 BILLION REOPENING OF 5.25% FIVE-YEAR REFERENCE NOTES® SECURITY

McLean, VA – Freddie Mac (NYSE: FRE) announced today that it auctioned a $1 billion reopening of its 5.25% five-year USD Reference Notes® security due on July 18, 2011. The stop yield for the issue, CUSIP 3137EAAF6, was 5.041%, priced at 100.880983 or approximately 32.9 basis points more than five-year U.S. Treasury Notes. The bid-to-cover ratio was 3.205 to 1.

After the reopening, which was conducted via an Internet-based auction, the total outstanding size of the 5.25% five-year Reference Notes security will be $5 billion. The issue will settle on September 15, 2006. An application was also made to list the issue on the Euro MTF market of the Luxembourg Stock Exchange.

Including today's reopening, Freddie Mac has issued $48 billion of Reference Notes securities during 2006 and has approximately $230 billion in Reference Notes and Reference Bonds® securities outstanding.

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 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.

###