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Freddie Mac Prices Tender Offers of Freddie SUBS®

McLean, VA – Freddie Mac (NYSE: FRE) today announced that it has determined the purchase price for the $3,874,850,000 of Freddie SUBS® (the “Target Securities”) tendered in connection with its fixed spread cash tender offers for the Target Securities, which expired at 5:00 p.m., New York City time, on Friday, July 17, 2009.

The securities were priced for settlement in the manner described in the Offer to Purchase dated July 13, 2009, by reference to the applicable fixed spread (listed below) over the yield to maturity of the applicable Reference Security (listed below), plus an amount equal to any accrued and unpaid interest to, but excluding, the date of payment of the purchase price. The reference yield was determined at approximately 9:00 a.m., New York City time, on July 20, 2009, based on the bid-side price of the applicable Reference Security, as quoted on Reuters Page 19901 and as calculated by the lead dealer manager. The tender offers will settle on July 21, 2009.

CUSIP/ ISIN	Title of Security	Reference Security	Principal Amount Tendered	Reference Yield	Fixed Spread (bps)	Tender Offer Yield	Purchase Price per $1,000 Principal Amount	Accrued Interest per $1,000 Principal Amount
3134A4EW0 / US3134A4EW03	5.875% Freddie SUBS Due March 21, 2011	1.125% U.S. Treasury Due June 30, 2011	$732,928,000	0.999%	100	1.999%	1,063.19	19.58
3134A4ZY3 / US3134A4ZY30	5.75% Freddie SUBS Due June 27, 2016	3.25% U.S. Treasury Due June 30, 2016	$1,214,167,000	3.232%	125	4.482%	1,074.82	3.83
3134A4ZZ0 / US3134A4ZZ05	5.00% Freddie SUBS Due December 14, 2018	3.125% U.S. Treasury Due May 15, 2019	$1,927,755,000	3.671%	125	4.921%	1,005.84	5.14
Total			$3,874,850,000

This announcement is neither an offer to sell nor a solicitation of offers to buy any of the Target Securities. Neither Freddie Mac, nor the dealer managers, nor the Information Agent make any recommendation that any holder of the Target Securities tender or refrain from tendering all or any portion of the principal amount of such holder’s Target Securities. Holders must make their own decisions whether to tender any Target Securities, and if so, decide on the principal amount of the Target Securities to tender. Freddie Mac’s securities are obligations of Freddie Mac only. The Target 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 Offers are being made only upon the terms and subject to the conditions set forth in the Offer to Purchase dated July 13, 2009.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the United States by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

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