FREDDIE MAC ANNOUNCES TIMEFRAME AND PROCESS FOR SUBMITTING STOCKHOLDER PROPOSALS

McLean, VA – Freddie Mac (NYSE:FRE) today announced the timeframe for submitting stockholder proposals in connection with Freddie Mac's annual stockholders' meeting.

As previously announced, Freddie Mac expects to publish an annual report for 2003 in late September 2004 and to hold Freddie Mac's related annual stockholders' meeting in November 2004. At this time, Freddie Mac is announcing the timeframe for submission of stockholder proposals in order to provide stockholders with the opportunity to submit stockholder proposals to be considered for inclusion in the company's proxy statement for the annual meeting. Proxy materials and Freddie Mac's 2003 annual report will be mailed to stockholders by the company's transfer agent in accordance with Freddie Mac's bylaws and NYSE rules.

Stockholder Proposals to be Included in Freddie Mac's Proxy Statement

To be considered for inclusion in the proxy statement, stockholder proposals must be submitted in writing to Corporate Secretary, Freddie Mac, 8200 Jones Branch Drive MS 200, McLean, Virginia 22102 and received by Freddie Mac by August 27, 2004. The procedural requirements [PDF 85K ] for submitting proposals, as well as a description of Freddie Mac's process for addressing stockholder proposals, are available on the company's Web site.

Stockholder Proposals to be Introduced from the Floor of the Annual Meeting and Director Nominations

As required by the company's bylaws, stockholder proposals to be introduced from the floor during the annual meeting, and stockholder nominations of candidates for election as directors, must be submitted in writing to Corporate Secretary, Freddie Mac, 8200 Jones Branch Drive MS 200, McLean, Virginia 22102 by a date to be announced by Freddie Mac at the time that it announces the date of the annual meeting. The requirements [PDF 85K ] for stockholder proposals to be introduced from the floor during the annual meeting, as well as the requirements for nominations of candidates for directors, are also available on the company's Web site.

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 in America.

Freddie Mac's earnings releases and other financial disclosures are available on the Investor Relations page of our Web site at www.FreddieMac.com/investors.

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