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Freddie Mac to Issue First Quarter 2008 Financial Results on May 14, 2008

McLean, VA – Freddie Mac (NYSE: FRE) announced today that the company will release its first quarter 2008 financial results before the NYSE market open on Wednesday, May 14, 2008.

The company will hold a conference call at 10:00 a.m. Eastern Time on Wednesday, May 14, 2008 to discuss the company’s results. Before the call, investors are encouraged to review the company’s press release, the consolidated financial statements and core tables, the related Information Statement Supplement, and accompanying slide presentation to be used during the conference call. All of these materials will be available on the company’s Web site at www.FreddieMac.com/investors/webcasts.

To listen to the call, domestic investors should call 1-800-230-1074, and international investors should call 1-612-288-0329, approximately 10 to 15 minutes before the start of the call. The conference call will also be webcast live on Freddie Mac’s Web site.

A telephone recording of this conference call will be available continuously beginning at approximately 3:00 p.m. Eastern Time on May 14, 2008, until midnight on May 28, 2008. To access this recording in the United States, call 1-800-475-6701, and use access code 919633. Outside the United States, call 1-320-365-3844, and use access code 919633.

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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