Freddie Mac Holds Annual Stockholders' Meeting

MCLEAN, Va., Sept. 8 /PRNewswire-FirstCall/ -- Freddie Mac Chairman and Chief Executive Officer Richard F. Syron today during the company's annual stockholders' meeting said 2005 was a year of continued progress -- providing long-term value to the nation's homeowners and to Freddie Mac stockholders.

"Freddie Mac made good progress in most areas in 2005. Overall, we performed well on our mission; in our business; with our customers; in risk management; and in building an even stronger capital position and balance sheet," said Syron. "The one area where we fell short of our goals was financial reporting and internal controls. Accordingly, we have refined and redoubled our remediation efforts, while maintaining our momentum in other areas."

Syron told stockholders that 2005 was a year of continued investment in business capabilities, infrastructure and management, which allowed the company to achieve its long-term growth and return objectives. Additionally, he reported that Freddie Mac continued to maintain a strong capital position.

During the meeting, Freddie Mac's stockholders elected 13 directors to the company's board of directors and ratified the re-appointment of PricewaterhouseCoopers LLP (PwC) as the company's independent auditor for the fiscal year ending December 31, 2006. Stockholders voted not to adopt a stockholder proposal presented at the annual meeting.

Board of Directors Members elected to Freddie Mac's board of directors today are: * Barbara T. Alexander, independent consultant. * Geoffrey T. Boisi, chairman and senior partner of Roundtable Investment Partners LLC. * Michelle Engler, trustee of the JNL Investor Series Trust and JNL Series Trust and member of the board of managers of the JNL/NY Variable Funds. * Robert R. Glauber, retired chairman and chief executive officer of National Association of Securities Dealers, Inc. * Richard Karl Goeltz, retired vice chairman and chief financial officer of American Express Company. * Thomas S. Johnson, retired chairman and chief executive officer of GreenPoint Financial Corporation. * William M. Lewis, Jr., managing director and co-chairman of investment banking at Lazard Ltd. * Eugene M. McQuade, president and chief operating officer of Freddie Mac. * Shaun F. O'Malley, chairman emeritus of Price Waterhouse LLP. * Jeffrey M. Peek, chairman and chief executive officer, CIT Group, Inc. * Ronald F. Poe, president of Ronald F. Poe & Associates. * Stephen A. Ross, Franco Modigliani professor of finance and economics at the Massachusetts Institute of Technology. * Richard F. Syron, chairman and chief executive officer of Freddie Mac.

In a meeting of the board of directors immediately following the stockholders' meeting, Richard Syron was re-elected chairman of the board of Freddie Mac, and Shaun O'Malley was re-elected lead director.

The board of directors also made the following board committee appointments:

* Audit Committee: Richard Goeltz, chairman; Robert Glauber, Thomas Johnson, Shaun O'Malley, and Stephen Ross, members. * Compensation and Human Resources Committee: Geoffrey Boisi, chairman; Michelle Engler, Thomas Johnson, Shaun O'Malley, and Ronald Poe, members. * Finance and Capital Deployment Committee: Stephen Ross, chairman; Barbara Alexander, Robert Glauber, Richard Goeltz, William Lewis, Jr., and Jeffrey Peek, members. * Governance, Nominating and Risk Oversight Committee: Shaun O'Malley, chairman; Geoffrey Boisi, Richard Goeltz, Ronald Poe, and Stephen Ross, members. * Mission, Sourcing and Technology Committee: Ronald Poe, chairman; Barbara Alexander, Geoffrey Boisi, Michelle Engler, William Lewis, Jr., and Jeffrey Peek, members.

Additional information about Freddie Mac and its business is also set forth in our Information Statement dated June 28, 2006, and related Information Statement Supplements, available on the Investor Relations page of our Web site, http://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. http://www.freddiemac.com/