FREDDIE MAC DECLARES QUARTERLY DIVIDENDS

McLean, VA – The board of directors of Freddie Mac (NYSE: FRE) today declared a quarterly dividend on the corporation's voting common stock of $0.30 per share. The board also declared the following quarterly dividends on the corporation's preferred stock:

Description	CUSIP	NYSE Symbol	Dividend Per Share
1996 Variable Rate	313 400 608	FRE.prB	$0.24
6.14%	313 400 806	FRE.prD	$0.7675
5.81% (1997)	313 400 889	Not Listed	$0.72625
5%	313 400 863	FRE.prF	$0.625
1998 Variable Rate	313 400 848	FRE.prG	$0.24
5.1% (1998)	313 400 855	FRE.prH	$0.6375
5.3%	313 400 822	Not Listed	$0.6625
5.1% (1999)	313 400 814	Not Listed	$0.6375
5.79%	313 400 830	FRE.prK	$0.72375
1999 Variable Rate	313 400 798	FRE.prL	$0.74625
2001 Variable Rate	313 400 780	FRE.prM	$0.2075
2001 Variable Rate	313 400 764	FRE.prN	$0.14583
5.81% (2001)	313 400 772	FRE.prO	$0.72625
6%	313 400 749	FRE.prP	$0.75
2001 Variable Rate	313 400 756	FRE.prQ	$0.1975
5.7%	313 400 731	FRE.prR	$0.7125
5.81% (2002)	313 400 723	Not Listed	$0.72625

The third quarter dividends will be payable on September 30, 2004 to stockholders of record as of September 20, 2004.

Freddie Mac is a stockholder-owned corporation 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 in America.

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