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 to be held later this year.

To be considered for inclusion in Freddie Mac's proxy statement, stockholder proposals must be submitted in writing to Corporate Secretary, Freddie Mac, 8200 Jones Branch Drive MS 200, McLean, Va., 22102, and received by Freddie Mac by May 24, 2006. The procedural requirements 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.

Freddie Mac will announce the dates for submitting stockholder proposals to be introduced from the floor during the annual meeting, and stockholder nominations of candidates for election as directors when it announces the date of the annual meeting. The requirements 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'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 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.

###