FREDDIE MAC SETS ANNUAL STOCKHOLDERS’ MEETING DATE AND ANNOUNCES DEADLINES FOR SUBMITTING STOCKHOLDER PROPOSALS AND DIRECTOR NOMINATIONS

McLean, VA – The board of directors of Freddie Mac (NYSE:FRE) has set July 15, 2005 as the date for Freddie Mac's next annual stockholders' meeting. Holders of record of Freddie Mac's common stock as of May 27, 2005 will be electing 13 members of the corporation's board of directors.

The terms of current stockholder-elected directors will expire on the date of this annual meeting. All directors elected at the July 15, 2005 annual meeting will serve terms ending on the date of Freddie Mac's next annual stockholders' meeting. Prior to our March 31, 2004 annual meeting, the Office of Counsel to the President informed us that the president did not intend to reappoint any of his then-current presidential appointees. No new appointees have been named by the president as of this date.

The annual meeting will convene on July 15, 2005 at 9:00 a.m. Eastern Daylight Time at the Freddie Mac office located at 8000 Jones Branch Drive, McLean, Virginia 22102. Proxy materials and Freddie Mac's 2004 annual report will be mailed to stockholders by the corporation's transfer agent in accordance with Freddie Mac's bylaws and NYSE requirements.

Stockholder Proposals and Director Nominations

To be considered for inclusion in the proxy statement, stockholder proposals must be submitted in writing to the Corporate Secretary, Freddie Mac, 8200 Jones Branch Drive, MS 200, McLean, Virginia 22102 by May 5, 2005. Stockholder proposals to be introduced on the floor of the annual meeting and director nominations must be submitted in writing to the Corporate Secretary, Freddie Mac, 8200 Jones Branch Drive, MS 200, McLean, Virginia 22102 by May 26, 2005.

Additional information, including the requirements and procedures for submitting stockholder proposals and director nominations and a description of Freddie Mac's process for addressing stockholder proposals, is available on our Web site.

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.

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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