Freddie Mac announced that priced its new 3.250 percent $3 billion two-year USD Reference Notes security due on July 16, 2010. The issue, CUSIP number 3137EABQ1, was priced at 99.793 to yield 3.358 percent, or 88 basis points more than two-year U.S. Treasury Notes. The issue will settle on July 18, 2008.

The new two-year Reference Notes security was offered via a syndicate of dealers headed by Barclays Capital, Inc., Goldman Sachs Group and J.P. Morgan Chase. An application was made to list the issue on the Euro MTF market of the Luxembourg Stock Exchange.

Including this offering, Freddie Mac has issued $36 billion of Reference Notes securities during 2008 and has approximately $257 billion in Reference Notes and Reference Bonds securities outstanding.

The announcement of the new Reference Notes securities was neither an offer to sell nor a solicitation of offers to buy any of these securities. Any such offering will be made only by an offering circular and pricing supplement. For additional information about Freddie Mac, interested parties are encouraged to visit the government-sponsored enterprise's Website at www.freddiemac.com.