FREDDIE MAC TO ISSUE NEW $4 BILLION 10-YEAR REFERENCE NOTES® SECURITY IN JULY

McLean, VA – Freddie Mac (NYSE: FRE) announced today that it plans to issue a new $4 billion 10-year USD Reference Notes® security due on July 18, 2016. The issue, CUSIP number 3137EAAG4, will be priced on July 11, 2006, and will settle on July 13, 2006.

The new 10-year Reference Notes security will be offered via a syndicate of dealers headed by J.P. Morgan Chase, Merrill Lynch and Morgan Stanley. An application will be made to list the issue on the Euro MTF market of the Luxembourg Stock Exchange.

Including today's offering, Freddie Mac has issued $43 billion of Reference Notes securities during 2006 and has approximately $238 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.

###