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Freddie Mac Holds Annual Stockholders' Meeting

Stockholders Elect Board of Directors, Re-appoint Independent Auditor

McLean, VA – Freddie Mac (NYSE: FRE) continued to serve its vital housing mission and build long-term value for its shareholders throughout 2006, Chairman and Chief Executive Officer Richard F. Syron today said during the company's annual stockholders' meeting.

"2006 ushered in a very challenging period in the U.S. housing and mortgage markets," Syron said. "Yet even though housing weakened last year, Freddie Mac still gained strength. Your company ended the year in a good position to weather the current housing downturn – and it remains a solid long-term investment, thanks to our high asset quality, low risk exposures, improving operations and enhanced capital structure."

Syron told stockholders that in 2006 Freddie Mac delivered strong financial results, strengthened key business operations and managed credit and interest rate risks prudently. The company also continued to serve its mission of providing stability, liquidity and affordability to the nation's home mortgage system, providing financing for nearly 3.3 million homes in 2006, more than half of which were affordable to low- or moderate-income families.

During the meeting, Freddie Mac's stockholders elected 13 directors to the company's board of directors, and ratified the re-appointment of PricewaterhouseCoopers LLP (PwC) as the company's independent auditor for the fiscal year ending December 31, 2007. Stockholders also approved the amendment and restatement of the 1995 Directors' Stock Compensation Plan.

Board of Directors

Members re-elected to Freddie Mac's board of directors today are:

• Barbara T. Alexander, independent consultant.

• Geoffrey T. Boisi, chairman and senior partner of Roundtable Investment Partners LLC.

• Michelle Engler, trustee of the JNL Investor Series Trust and JNL Series Trust and member of the board of managers of the JNL/NY Variable Funds.

• Robert R. Glauber, visiting professor at the Harvard Law School, lecturer at Harvard's Kennedy School of Government, and retired chairman and chief executive officer of National Association of Securities Dealers, Inc.

• Richard Karl Goeltz, retired vice chairman and chief financial officer of American Express Company.

• Thomas S. Johnson, retired chairman and chief executive officer of GreenPoint Financial Corporation.

• William M. Lewis, Jr., managing director and co-chairman of investment banking at Lazard Ltd.

• Eugene M. McQuade, president and chief operating officer of Freddie Mac.

• Shaun F. O'Malley, chairman emeritus of Price Waterhouse LLP.

• Jeffrey M. Peek, chairman and chief executive officer, CIT Group Inc.

• Stephen A. Ross, Franco Modigliani professor of finance and economics at the Massachusetts Institute of Technology.

• Richard F. Syron, chairman and chief executive officer of Freddie Mac.

Nicolas Retsinas, director of Harvard University's Joint Center for Housing Studies, also was elected to the board of directors today.

In a meeting of the board of directors immediately following the stockholders' meeting, Richard Syron was re-elected chairman of the board of Freddie Mac, and Shaun O'Malley was re-elected lead director.

The board of directors also made the following board committee appointments:

• Audit Committee: Richard Goeltz, chairperson; Robert Glauber, Thomas Johnson, Shaun O'Malley, and Stephen Ross, members.

• Compensation and Human Resources Committee: Geoffrey Boisi, chairperson; Michelle Engler, Thomas Johnson, Shaun O'Malley, and Jeffrey Peek, members.

• Finance and Capital Deployment Committee: Stephen Ross, chairperson; Barbara Alexander, Robert Glauber, Richard Goeltz, William Lewis, Jr., and Nicolas Retsinas, members.

• Governance, Nominating and Risk Oversight Committee: Shaun O'Malley, chairperson; Barbara Alexander, Geoffrey Boisi, Richard Goeltz, Thomas Johnson, and Stephen Ross, members.

• Mission, Sourcing and Technology Committee:  Barbara Alexander, chairperson; Geoffrey Boisi, Michelle Engler, William Lewis, Jr., Jeffrey Peek, and Nicolas Retsinas, members.

Bylaws Amendments

In addition, the board of directors approved several amendments to Freddie Mac's bylaws, effective today. Further information about these amendments will be included in an Information Statement Supplement that will be issued on June 14, 2007, in connection with the publication of the company's financial results for the first quarter of 2007. The Information Statement Supplement will be posted on the Investor Relations page of the company's Web site at www.FreddieMac.com/investors. The amended bylaws also will be posted on the company's Web site.

Additional information about Freddie Mac and its business is also set forth in the Information Statement dated March 23, 2007, and related Information Statement Supplements, available on the Investor Relations page of the company's Web site, 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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