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Freddie Mac Prices $500 Million of Preferred Stock

McLean, VA – Freddie Mac (NYSE: FRE) today announced that it has priced $500 million of fixed-rate non-cumulative perpetual preferred stock, CUSIP 313400657. The shares are expected to be issued on July 24, 2007, subject to the satisfaction of customary closing conditions.

The 20 million shares of preferred stock are being offered to investors at $25 per share with a dividend rate of 6.02 percent. Freddie Mac will have the option to redeem all or part of the shares on or after June 30, 2012, at $25 per share plus accrued dividends.

The preferred stock was offered by Merrill Lynch & Co. via a syndicate of dealers that included Great Pacific Securities, Loop Capital Markets, L.L.C., MFR Securities, Inc., Toussaint Capital Partners, L.L.C., Utendahl Capital Partners, L.P. and Williams Capital Group, L.P. An application was made to list the preferred stock on the New York Stock Exchange.

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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