FREDDIE MAC ANNOUNCES PRELIMINARY RESULTS OF TENDER OFFERS ON €REFERENCE NOTES® SECURITIES

McLean, VA – Freddie Mac (NYSE: FRE) today announced the preliminary results of the cash tender offers for a targeted group of €Reference Notes® securities, which closed at 5 p.m. London Time, on Friday, October 20, 2006. Any updates to the results of the tender offers will be available on Freddie Mac’s Debt Securities Web page at www.FreddieMac.com/debt/auctionrepurch/tenders1006.html.

The sum of all tender offers totaled €4.7 billion and did not exceed the tender cap of €7.0 billion. Therefore, Freddie Mac will repurchase all bonds tendered. The following table shows the amounts tendered and accepted:

CUSIP / ISIN	Title of Security	Acceptance Priority Level	Principal Amount Tendered (€millions)	Principal Amount Accepted (€millions)	Principal Amount Outstanding Following Tender Offer (€millions)
31339QAA7/ XS0184595311	4.375% €Reference Notes due January 15, 2014	1	€763.149	€763.149	€2,801.851
31339QAH2/ XS0154444870	4.750% €Reference Notes due January 15, 2013	2	€1,305.256	€1,305.256	€2,550.744
31339QAE9/ XS0136341814	5.125% €Reference Notes due January 15, 2012	3	€602.467	€602.467	€2,702.533
31339QAB5/ XS0193557138	3.750% €Reference Notes due July 15, 2009	4	€1,553.341	€1,553.341	€1,446.659
31339QAJ8/ XS0161387468	3.500% €Reference Notes due February 15, 2008	5	€493.708	€493.708	€3,015.292
Total			€4,717.921	€4,717.921

This announcement is neither an offer to sell nor a solicitation of offers to buy any of these securities. Neither Freddie Mac, nor the dealer manager, nor the Information Agents made any recommendation that any holder of the securities tender or refrain from tendering all or any portion of the principal amount of such holder’s securities. Holders must make their own decisions whether to tender securities, and if so, decide on the principal amount of securities to tender. Freddie Mac’s securities are obligations of Freddie Mac only. The securities, including any interest or return of discount on the securities, are not guaranteed by and are neither debts nor obligations of the United States or any federal agency or instrumentality other than Freddie Mac. The tender offers were made only upon the terms and subject to the conditions set forth in the Offer to Purchase [PDF 113K] dated October 16, 2006.

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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