Freddie Prices RefNotes

Freddie Mac has priced $5 billion of 5.125% five-year Reference Notes due April 18, 2011.The issue (CUSIP 3137EAAB5) was priced at 99.926 to yield 5.143%, or 36 basis points more than five-year U.S. Treasury notes. The settlement date is March 9. The syndicate of dealers offering the notes was headed by Citigroup Global Markets Inc., Goldman Sachs Group, and Lehman Brothers. An application was also made to list the issue on the Euro MTF market of the Luxembourg Stock Exchange. Freddie Mac can be found on the Web at http://www.freddiemac.com.

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