FREDDIE MAC PRICES $1.25 BILLION REFERENCE REMIC^SM R-001

McLean, VA – Freddie Mac (NYSE: FRE) today announced that it priced $1.25 billion of Reference REMIC^SM R-001, Class AE (CUSIP 31395RAR9), a Guaranteed Maturity Class (GMC) with a final maturity date of April 15, 2015. Settlement is scheduled for April 22, 2005.

The GMC was priced at 75 basis points over the interpolated Treasury curve.

Lehman Brothers, Morgan Stanley, and UBS Investment Bank jointly led the transaction. Co-managers on the transaction were Banc of America Securities LLC, Bear Stearns & Co., Inc., Citigroup, Credit Suisse First Boston, Deutsche Bank Securities, Goldman Sachs & Co., and RBS Greenwich Capital. The transaction also involved a selling group.

"We are pleased with the widespread participation in the inaugural Reference REMIC transaction," said Jerome Lienhard, senior vice president, investments and capital markets. "Today’s pricing marks a new stage in Freddie Mac’s commitment to providing global investors with liquidity, transparency and calendar-based predictability in the REMIC market."

Freddie Mac is a stockholder-owned corporation 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 in America.

###