FREDDIE MAC ANNOUNCES REFERENCE REMIC® SECURITY ISSUE

McLean, VA – Freddie Mac (NYSE: FRE) today announced its intention to issue its next Reference REMIC® security. The company expects to offer $1.220 billion of Reference REMIC Series R012, a Guaranteed Maturity Class (GMC) with a final maturity date of December 15, 2020. Reference REMIC Series R012 is expected to price on May 17, 2007, and settle on May 22, 2007.

Merrill Lynch & Co, Morgan Stanley and RBS Greenwich Capital will serve as the lead underwriters for Reference REMIC R012. Co-managers of the transaction will be Banc of America Securities, Barclays Capital, Inc. and Credit Suisse. The transaction will also involve a selling group.

Information about the REMIC, of which the GMC is a part, is available in the Offering Circular Supplement on the Mortgage Securities page of the company's Web site at www.FreddieMac.com/mbs. The Offering Circular Supplement can be obtained by entering “R012” in the REMIC Prospectus Lookup box. Copies of the Offering Circular Supplement can also be obtained from the underwriters at the following addresses:

Greenwich Capital Markets, Inc.
Prospectus Department
600 Steamboat Road
Greenwich, Connecticut 06830
(203) 618-2318

Merrill Lynch, Pierce, Fenner & Smith Incorporated
Prospectus Department
44B Colonial Drive
Piscataway, New Jersey, 08854
(732) 885-2760

Morgan Stanley & Co. Incorporated
c/o Broadridge Financial Solutions
Prospectus Department
1155 Long Island Avenue
Edgewood, New York 11717
(631) 254-7106

This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac's Information Statement and related supplements.

Freddie Mac's press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company's Information Statement dated March 23, 2007, and related Information Statement Supplements, which are available on the Investor Relations page of the company's 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 purchases single-family and multifamily 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 more than 50 million times, ensuring financing for one in six homebuyers and more than four million renters.

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