FREDDIE MAC TO ISSUE NEW $4 BILLION TWO-YEAR REFERENCE NOTES® SECURITY

McLean, VA – Freddie Mac (NYSE: FRE) announced today that it plans to issue a new $4 billion two-year USD Reference Notes® security due on June 11, 2009. The issue, CUSIP number 3137EAAT6, will be priced on May 23, 2007, and will settle on May 25, 2007.

The new two-year Reference Notes security will be offered via a syndicate of dealers headed by Bear, Stearns & Co. Inc., Citigroup Global Markets, Inc. and Credit Suisse. An application will be made to list the issue on the Euro MTF market of the Luxembourg Stock Exchange.

Including today's offering, Freddie Mac has issued $25 billion of Reference Notes securities during 2007 and has approximately $238 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 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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