FREDDIE MAC ANNOUNCES OFFERING OF A NEW $3 BILLION THREE-YEAR REFERENCE NOTES® SECURITY AND $1 BILLION REOPENING OF 4.125% FIVE-YEAR REFERENCE NOTES SECURITY

McLean, VA – Freddie Mac (NYSE: FRE) announced today that it plans to issue a new $3 billion three-year USD Reference Notes®, CUSIP number 3137EABF5, due on February 25, 2011. Additionally, the company also plans to launch a $1 billion reopening of its 4.125% five-year USD Reference Notes security that matures on December 21, 2012. Both issues will be priced no later than January 11, 2008, and will settle on January 14, 2008.

The new three-year Reference Notes security will be offered via a syndicate of dealers headed by Bear, Stearns & Co. Inc, J.P. Morgan Chase and UBS Investment Bank. An application will be made to list the issue on the Euro MTF market of the Luxembourg Stock Exchange.

The $1 billion reopening of its 4.125% five-year Reference Notes security will be conducted via an internet-based auction. The issue, CUSIP 3137EABE8, is listed on the Euro MTF market of the Luxembourg Stock Exchange. After the reopening, the outstanding size of the 4.125% five-year Reference Notes security will be $4 billion.

Investors who want to participate in Reference Notes auctions must first designate the dealer through which they wish to submit bids. The step, if not previously performed, must be performed on the Internet no later than 5 p.m. Eastern Time on January 9, 2008 for this auction. All auction details and instructions can be found on Freddie Mac's Debt Securities Web page, www.FreddieMac.com/debt/auctionrepurch/auctions.html.

Including today's offerings, Freddie Mac has approximately $250 billion in Reference Notes and Reference Bonds® securities outstanding.

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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