FREDDIE MAC TO ISSUE NEW TWO-YEAR AND 10-YEAR REFERENCE NOTES® SECURITIES IN APRIL

McLean, VA – Freddie Mac (NYSE: FRE) announced today that it plans to issue two Reference Notes® securities in April. The company will issue $5 billion of a new two-year USD Reference Notes security, CUSIP number 3137EAAC3, due on April 18, 2008, and $5 billion of a new 10-year USD Reference Notes security, CUSIP number 3137EAAD1, due on April 18, 2016. Both issues will be priced on April 12, 2006, and will settle on April 13, 2006.

The new two-year Reference Notes security will be offered via a syndicate of dealers headed by Deutsche Bank Securities, Inc., HSBC Securities and Morgan Stanley. The new 10-year Reference Notes security will be offered via a syndicate of dealers headed by Lehman Brothers, RBS Greenwich Capital and UBS Investment Bank. An application will be made to list the issues on the Euro MTF market of the Luxembourg Stock Exchange.

Including today's offerings, Freddie Mac has issued $30 billion of Reference Notes securities during 2006 and has approximately $229 billion in Reference Notes and Reference Bonds® securities outstanding.

This announcement is neither an offer to sell nor a solicitation of offers to buy any of these securities. Any such offering will be made only by an offering circular and pricing supplement.

Freddie Mac is a stockholder-owned company 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 and more than four million renters in America.

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