Freddie Mac Announces Tender Offers for Freddie SUBS(R)

MCLEAN, Va., July 10 /PRNewswire-FirstCall/ -- Freddie Mac (NYSE: FRE) today
announced that it will conduct cash tender offers (each, an "Offer" and,
collectively, the "Offers") for the purchase of any and all of its Freddie
SUBS(R) (the "Target Securities") during the week of July 13, 2009.

Freddie Mac will offer to purchase from investors for cash the Target
Securities through Goldman, Sachs & Co., the designated lead dealer manager
for the Offers, and Banc of America Securities LLC and Citigroup Global
Markets Inc., the designated dealer managers for the Offers. Freddie Mac is
offering to purchase any and all of the Target Securities listed in the table
below. Each series of Target Securities will be purchased at the applicable
fixed spread over the bid-side yield of the applicable reference security for
such series of Target Securities.

The tender offer period will commence on Monday, July 13, 2009, at 9 a.m., New
York City time and expire at 5 p.m., New York City time on Friday, July 17,
2009, unless extended. Holders of the Target Securities wishing to submit
orders to tender may do so by calling the dealer managers at any time between
9 a.m. and 5 p.m.New York City time during the tender offer period. Target
Securities will be purchased at prices determined on Monday, July 20, 2009 at
approximately 9 a.m., New York City time. Results of the Offers will be
available on Freddie Mac's Debt Securities Web page at www.FreddieMac.com/debt
on Monday, July 20, 2009. The Target Securities purchased will settle on July
21, 2009 (the "Settlement Date"). Each proper tender of Target Securities
with respect to an Offer will be irrevocable, and there are no withdrawal
rights with respect to an Offer.

The table below sets forth the fixed spread and the reference security to be
used to determine the purchase price for each series of Target Securities
tendered pursuant to the applicable Offer. The purchase price will be
determined in the manner described in the Offer to Purchase to be dated July
13, 2009, by reference to the applicable fixed spread (listed below) over the
bid-side yield of the applicable reference security, plus an amount equal to
any accrued and unpaid interest to, but excluding, the Settlement Date.

CUSIP/ISIN Title of Security Principal Amount Fixed Reference
Outstanding Spread Security
(bps)

3134A4EW0/ 5.875% Freddie 1.125% U.S.
US3134A4EW03 SUBS Due March $1,090,044,000 100 Treasury Due
21, 2011 June 30, 2011

3134A4ZY3/ 5.75% Freddie 1,250,000,000 125 3.25% U.S.
US3134A4ZY30 SUBS Due June Treasury Due
27, 2016 June 30, 2016

3134A4ZZ0/ 5.00% Freddie 3.125% U.S.
US3134A4ZZ05 SUBS Due December 2,048,608,000 125 Treasury Due
14, 2018 May 15, 2019

Total $4,388,652,000

This announcement is neither an offer to sell nor a solicitation of offers to
buy any of the Target Securities. Neither Freddie Mac, nor the dealer
managers, nor the Information Agent make any recommendation that any holder of
the Target Securities tender or refrain from tendering all or any portion of
the principal amount of such holder's Target Securities. Holders must make
their own decisions whether to tender any Target Securities, and if so, decide
on the principal amount of the Target Securities to tender. Freddie Mac's
securities are obligations of Freddie Mac only. The Target Securities,
including any interest or return of discount on the securities, are not
guaranteed by and are neither debts nor obligations of the United States or
any federal agency or instrumentality other than Freddie Mac. The Offers are
being made only upon the terms and subject to the conditions set forth in the
Offer to Purchase to be dated July 13, 2009.

On or after July 13, 2009, copies of the Offer to Purchase may be obtained on
Freddie Mac's Web site at www.FreddieMac.com/debt or from the Information
Agent for the Offers, Global Bondholders Services Corporation at (866)
952-2200.

Questions regarding the Offers may be directed to Goldman, Sachs & Co. at
(800) 828-3182, Banc of America Securities LLC at (888) 292-0070, or Citigroup
Capital Markets Inc. at (800) 558-3745.

This announcement does not constitute an invitation to participate in the
Offers in or from any jurisdiction in or from which, or to or from any person
to or from whom, it is unlawful to make such Offer under applicable securities
laws or otherwise.

The distribution of materials relating to the Offers, and the transactions
contemplated by the Offers, may be restricted by law in certain jurisdictions
where it is legal to do so. The Offers are void in all jurisdictions where it
is prohibited. If materials relating to the Offers come into your possession,
you are required by Freddie Mac to inform yourself of and to observe all of
these restrictions. The materials relating to the Offers do not constitute,
and may not be used in connection with, an offer or solicitation in any place
where offers or solicitations are not permitted by law. If a jurisdiction
requires that the Offers be made by a licensed broker or dealer and a dealer
manager or any affiliate of a dealer manager is a licensed broker or dealer in
that jurisdiction, the Offers shall be deemed to be made by the dealer manager
or such affiliate on behalf of Freddie Mac in that jurisdiction.

Freddie Mac was established by Congress in 1970 to provide liquidity,
stability and affordability to the nation's residential mortgage markets.
Freddie Mac supports communities across the United States by providing
mortgage capital to lenders. Over the years, Freddie Mac has made home
possible for one in six homebuyers and more than five million renters.
www.FreddieMac.com

SOURCE Freddie Mac

Media: Lisa Gagnon, +1-703-903-3385, or Investors: Doc Ghose, +1-571-382-3365,
both of Freddie Mac