FREDDIE MAC RECEIVES FEDERAL GRAND JURY SUBPOENA AND SECURITIES AND EXCHANGE COMMISSION INQUIRY

McLean, VA – Freddie Mac (NYSE:FRE) received on Friday, September 26, 2008 a federal grand jury subpoena from the United States Attorney's Office for the Southern District of New York. Also on Friday, September 26, 2008, Freddie Mac received from the Staff of the Enforcement Division of the United States Securities and Exchange Commission notice indicating that the Enforcement Division is also conducting an inquiry, and directing the Company to preserve documents. The subpoena seeks documents relating to accounting, disclosure and corporate governance matters for the period January 1, 2007 to the present. Freddie Mac will cooperate fully in these matters.

Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac raises capital on Wall Street and throughout the world's capital markets to finance mortgages for families across America. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

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