FREDDIE MAC PRICES $1.220 BILLION REFERENCE REMIC R012

McLean, VA – Freddie Mac (NYSE:FRE) today announced that it priced $1.220 billion of Reference REMIC® R012, Class AB, CUSIP 31397GV31, a Guaranteed Maturity Class (GMC) with a class coupon of 5.50% and a final maturity date of December 15, 2020. The GMC issue was priced at 99.6328125 to yield 5.6047%, or 98 basis points over the interpolated Treasury curve. Settlement is scheduled for Monday, May 21, 2007. Freddie Mac guarantees the principal and interest on its Reference REMIC securities.

Merrill Lynch & Co, Morgan Stanley and RBS Greenwich Capital were lead underwriters for Reference REMIC R012. Co-managers of the transaction were Banc of America Securities, Barclays Capital, Inc. and Credit Suisse. The transaction also involved a selling group.

Information about the REMIC, of which the GMC is a part, is available in the Offering Circular Supplement on the Mortgage Securities page of the company's Web site at www.FreddieMac.com/mbs. The Offering Circular Supplement can be obtained by entering "R012" in the REMIC Prospectus Lookup box.

This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac's Information Statement and related supplements.

Freddie Mac's press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company's Information Statement dated March 23, 2007, which is available on the Investor Relations page of the company's Web site at www.FreddieMac.com/investors.

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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