Freddie Mac highlights

Highlights of the restatement for the periods ended Dec. 31, 2002:

cumulative net income increased by $5 billion;

regulatory core capital increased by $5.2 billion;

stockholders' equity increased by $6.7 billion;

fair value of net assets (net of tax effect) grew $4.6 billion during 2002;

business fundamentals remain strong, with the retained portfolio growing at an annualized rate of 17 percent during the first nine months of 2003;

risks remain low, with September 2003 monthly average duration gap of negative one month;

the company expects to provide its 2002 annual report and hold its related annual stockholders' meeting in first quarter 2004; and

the company's objective is to release quarterly and full-year 2003 results by June 30, 2004, and to provide its 2003 annual report and hold its related stockholders' meeting as soon as practicable thereafter.