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Freddie Mac Prices K-004 Certificates Multifamily Mortgage-Backed Securities

McLean, VA – Freddie Mac (NYSE: FRE) today announced that it has priced the offering of Structured Pass-Through Certificates ("K Certificates"), multifamily mortgage-backed securities that help provide liquidity, stability and affordability to the nation's multifamily housing market. The approximately $1 billion in K Certificates ("K-004 Certificates") are anticipated to settle on or about October 22, 2009.

The issue was priced as follows:

Class	Coupon	Dollar Price	Subscription Levels
Class A-1	3.413%	$101	2.4x
Class A-2	4.186%	$101	1.7x
Class A-3	4.241%	$101	1.0x*

*To be retained by Freddie Mac for secondary market sales.

Class A-X1 pays interest based on a variable rate. The initial coupon for Class A-X1 was 1.484%. Investors were large money managers, life insurance companies and pension funds, including overseas accounts.

The K-004 Certificates were offered to the market by a network of dealers led by Deutsche Bank Securities Inc. and Goldman, Sachs & Co. as Co-Lead Managers and Joint Bookrunners for the transaction. Banc of America Securities LLC and J.P. Morgan Securities Inc. were Co-Managers for the transaction. The K-004 Certificates are backed by 46 recently originated multifamily mortgages and are guaranteed by Freddie Mac.

Freddie Mac's other K Certificates offering this year, backed by approximately $1.06 billion of multifamily loans, settled on June 18, 2009. Traditionally, multifamily loans were held in Freddie Mac's mortgage-related investments portfolio. K Certificates provide Freddie Mac with a new vehicle to securitize those loans and offer structured guaranteed securities to the market. The loans were originated using Freddie Mac’s Capital Markets Execution^SM (CME) product.

The preliminary offering circular supplement relating to the K-004 Certificates can be found at
/mbs/data/k004oc.pdf. 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 Annual Report on Form 10-K for the year ended December 31, 2008, filed with the Securities and Exchange Commission ("SEC") on March 11, 2009, and all documents that Freddie Mac files with the SEC pursuant to Section 13(a), 13(c) or 14 of the Securities Exchange Act of 1934, excluding any information "furnished" to the SEC on Form 8-K.

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 Annual Report on Form 10-K for the year ended December 31, 2008 and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company's Web site at www.FreddieMac.com/investors and the SEC's Web site at www.sec.gov.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

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