FREDDIE MAC PRICES $1 BILLION REOPENING OF 5% TWO-YEAR REFERENCE NOTES SECURITY

McLean, VA – Freddie Mac (NYSE: FRE) announced today that it auctioned a $1 billion reopening of its 5% two-year USD Reference Notes® security that matures on June 11, 2009. The stop yield for the issue, CUSIP 3137EAAT6, was 4.579%, priced at 100.694934 or approximately 53.4 basis points more than two-year U.S. Treasury Notes. The bid-to-cover ratio was 3.477 to 1.

After the reopening, which was conducted via an Internet-based auction, the total outstanding size of the 5% two-year Reference Note will be $6 billion. The issue will settle on September 7, 2007. 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 $40 billion of Reference Notes securities during 2007 and has approximately $248 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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