FREDDIE MAC SETS ANNUAL STOCKHOLDERS' MEETING DATE AND ANNOUNCES DEADLINES FOR SUBMITTING STOCKHOLDER PROPOSALS AND DIRECTOR NOMINATIONS

McLean, VA – The board of directors of Freddie Mac (NYSE: FRE) has set September 8, 2006, as the date for Freddie Mac's next annual stockholders' meeting. Holders of record of Freddie Mac's common stock as of June 30, 2006, will be electing 13 members of the company's 18-member board of directors.

The terms of current stockholder-elected directors will expire on the date of this annual meeting. All directors elected at the September 8, 2006, annual meeting will serve terms ending on the date of Freddie Mac's next annual stockholders' meeting. Prior to the March 31, 2004, annual meeting, the Office of Counsel to the President informed us that the president did not intend to reappoint any of his then-current presidential appointees. No new appointees have been named by the president as of this date.

The annual meeting will convene on September 8, 2006, at 9:00 a.m. Eastern Time at the Freddie Mac office located at 8000 Jones Branch Drive, McLean, Va., 22102. Proxy materials and Freddie Mac's 2005 annual report will be mailed to stockholders in accordance with Freddie Mac's bylaws and NYSE requirements.

Additionally, as announced in Freddie Mac's press release dated April 24, 2006, to be considered for inclusion in the proxy statement, stockholder proposals must have been submitted in writing to the Corporate Secretary, Freddie Mac, 8200 Jones Branch Drive, MS 200, McLean, Va., 22102 by May 24, 2006. Stockholder proposals to be introduced on the floor of the annual meeting and director nominations must be submitted in writing to the Corporate Secretary, Freddie Mac, 8200 Jones Branch Drive, MS 200, McLean, Va., 22102 by July 20, 2006.

Additional information, including the requirements and procedures for submitting stockholder proposals and director nominations, is available on the company's Web site at www.FreddieMac.com/investors.

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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