20.03.03

20.3.2003: Meldung: Freddie Mac: New Executive Vice President

Freddie Mac (NYSE: FRE - News) today announced that Martin F. Baumann has been named the corporation"s executive vice president for Finance with responsibility for accounting, corporate planning, taxation, shareholder relations, and market and operating risk oversight. Baumann will report to David W. Glenn, vice chairman and president of Freddie Mac.

"Marty brings a comprehensive financial
background to this important new position," said Glenn. "His experience in financial planning, control, accounting and global finance will enhance Freddie Mac"s ability to meet the increasingly complex needs of the U.S. mortgage market, and sustain the corporation"s commitment to prudent risk management and transparent financial disclosure."

Baumann joins Freddie Mac having served as partner, deputy chairman of the World Financial Services Practice, and as global banking leader for PricewaterhouseCoopers. During his 30- year career at PwC, his clients have included some of the largest financial services firms in North America, including Chase Manhattan, Chemical Bank, Canadian Imperial Bank of Commerce, Prudential Insurance and The World Bank.

As PwC"s lead partner for each of these clients, Baumann has led numerous projects in risk management, infrastructure development and internal controls. Baumann is also well known to the banking industry for his leadership role with respect to credit loss accounting issues.

Baumann earned a B.A. in accounting from Queens College and an MBA, Finance from Baruch College. He also completed the Executive Program in Business Administration at Columbia University, and is a certified public accountant (CPA).

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 passthrough securities and debt instruments in the capital markets. Over the years, Freddie Mac has opened doors for one in six homebuyers and more than two million renters in America.

More information may be found at www.freddiemac.com.

Contact:

Freddie Mac
Headquarters I
8200 Jones Branch Drive
McLean, VA 22102-3110
(703) 903-2000
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