FREDDIE MAC PRICES TENDER OFFERS OF €REFERENCE NOTES® SECURITIES

McLean, VA – Freddie Mac (NYSE: FRE) today announced that it priced €4.7 billion of tendered €Reference Notes® securities. The tender offer period closed at 5 p.m. London Time, on Friday, October 20, 2006.

The offers were priced for settlement on Thursday, October 26, 2006 as determined in the manner described in the Offer to Purchase dated October 16, 2006, by reference to the applicable fixed spread (listed below) over the applicable reference swap rate, plus an amount equal to any accrued and unpaid interest to but excluding the date of payment of the purchase price. The Reference Swap Rate was determined at approximately 1:00 p.m., London Time, October 23, 2006 as the interpolated (straight line) EURIBOR mid-swap rate to the maturity of such series of Securities based on the Reuters ICAPEURO screen (without rounding).

CUSIP / ISIN	Title of Security	Principal Amount Accepted (€millions)	Fixed Spreads (bps)	Reference Swap Rate	Tender Offer Yield	Purchase Price per €1,000 Principal Amount	Accrued Interest per €1,000 Principal Amount
31339QAA7/ XS0184595311	4.375% €Reference Notes due January 15, 2014	€763.149	-7.5 bps	4.0433920%	3.968392%	€1,024.96	€34.04
31339QAH2/ XS0154444870	4.750% €Reference Notes due January 15, 2013	€1,305.256	-7.5 bps	4.0209420%	3.945942%	€1,043.45	€36.96
31339QAE9/ XS0136341814	5.125% €Reference Notes due January 15, 2012	€602.467	-7.5 bps	3.9997050%	3.924705%	€1,055.52	€39.88
31339QAB5/ XS0193557138	3.750% €Reference Notes due July 15, 2009	€1,553.341	-12.5 bps	3.9551320%	3.830132%	€997.83	€10.58
31339QAJ8/ XS0161387468	3.500% €Reference Notes due February 15, 2008	€493.708	-12.0 bps	3.8971420%	3.777142%	€996.39	€24.26
Total		€4,717.921

This announcement is neither an offer to sell nor a solicitation of offers to buy any of these securities. Neither Freddie Mac, nor the dealer manager, nor the Information Agents made any recommendation that any holder of the securities tender or refrain from tendering all or any portion of the principal amount of such holder’s securities. Holders must make their own decisions whether to tender securities, and if so, decide on the principal amount of securities to tender. Freddie Mac’s securities are obligations of Freddie Mac only. The securities, including any interest or return of discount on the securities, are not guaranteed by and are neither debts nor obligations of the United States or any federal agency or instrumentality other than Freddie Mac. The tender offers were made only upon the terms and subject to the conditions set forth in the Offer to Purchase [PDF 113K] dated October 16, 2006.

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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