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Freddie Mac to Offer $500 Million of Preferred Stock

McLean, VA – Freddie Mac (NYSE: FRE) today announced that it will issue $500 million of fixed-rate non-cumulative perpetual preferred stock. The issue, CUSIP 313400673, is being offered to investors at $25 per share and is expected to price later this week.

The preferred stock is being offered via a syndicate of dealers headed by Goldman Sachs Group and J. P. Morgan Securities. An application will be made to list the preferred stock on the New York Stock Exchange.

Information about the transaction is available in the preliminary Offering Circular on the Investor Relations page of the company's Web site at www.FreddieMac.com/investors/preferred_stock.html. Copies of the preliminary Offering Circular can also be obtained from the underwriters at the following addresses:

Goldman, Sachs & Co.
85 Broad Street
New York, New York 10004
Attention:  Prospectus Department
(212) 902-1171

J. P. Morgan Securities Inc.
270 Park Avenue
New York, New York 10017
Attention:  High Grade Syndicate Desk
(212) 834-4533

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.

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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